Gold prices traded higher by 0.83% against the USD in the 24 hour period ending 23:00GMT, at 1657.46 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1656.3, 0.07% lower from yesterday’s close.
Gold is expected to find support at 1646.46, and a fall through could take it to the next support level of 1636.63. Gold is expected to find its first resistance at 1663.72, and a rise through could take it to the next resistance level of 1671.14.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.