For the 24 hours to 23:00 GMT, Gold declined 0.15% against the USD and closed at USD1494.80 per ounce on Friday, as progress in Brexit deal and US-China trade talks dented demand for the safe haven asset.
In the Asian session, at GMT0300, the pair is trading at 1493.30, with gold trading 0.10% lower against the USD from Friday’s close.
The pair is expected to find support at 1488.73, and a fall through could take it to the next support level of 1484.17. The pair is expected to find its first resistance at 1497.43, and a rise through could take it to the next resistance level of 1501.57.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
