Gold Movement
Gold prices traded higher by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1125.20 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1129.40, with gold trading 0.37% higher from yesterday’s close.
The pair is expected to find support at 1120.73, and a fall through could take it to the next support level of 1112.06. The pair is expected to find its first resistance at 1134.33, and a rise through could take it to the next resistance level of 1139.26.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
