For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1548.30 per ounce, amid optimism over the US-China deal and as Middle East tensions eased.
In the Asian session, at GMT0400, the pair is trading at 1539.90, with gold trading 0.54% lower against the USD from yesterday’s close.
The pair is expected to find support at 1531.60, and a fall through could take it to the next support level of 1523.30. The pair is expected to find its first resistance at 1553.00, and a rise through could take it to the next resistance level of 1566.10.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
