Gold prices traded lower by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1568.78 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1570.9, 0.14% higher from yesterday’s close.
Gold is expected to find support at 1558.51, and a fall through could take it to the next support level of 1546.11. Gold is expected to find its first resistance at 1580.14, and a rise through could take it to the next resistance level of 1589.37.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.