For the 24 hours to 23:00 GMT, Gold rose 0.60% against the USD and closed at USD1819.20 per ounce, as rising coronavirus cases around the world boosted demand for the safe haven metal.
In the Asian session, at GMT0300, the pair is trading at 1818.00, with gold trading 0.07% lower against the USD from yesterday’s close.
The pair is expected to find support at 1809.13, and a fall through could take it to the next support level of 1800.27. The pair is expected to find its first resistance at 1825.13, and a rise through could take it to the next resistance level of 1832.27.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
