For the 24 hours to 23:00 GMT, Gold rose 1.29% against the USD and closed at USD1842.50 per ounce, amid weakness in the US Dollar and hopes for further stimulus by the US government.
In the Asian session, at GMT0300, the pair is trading at 1857.40, with gold trading 0.81% higher against the USD from yesterday’s close.
The pair is expected to find support at 1827.73, and a fall through could take it to the next support level of 1798.07. The pair is expected to find its first resistance at 1876.93, and a rise through could take it to the next resistance level of 1896.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
