For the 24 hours to 23:00 GMT, Gold rose 0.77% against the USD and closed at USD1795.60 per ounce, as the US Dollar weakened and amid rising coronavirus cases.
In the Asian session, at GMT0300, the pair is trading at 1793.10, with gold trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 1781.87, and a fall through could take it to the next support level of 1770.63. The pair is expected to find its first resistance at 1801.67, and a rise through could take it to the next resistance level of 1810.23.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
