Gold Movement
Gold prices traded higher by 2.16% against the USD in the 24 hour period ending 23:00GMT, at 1,663.80 per ounce, as ongoing eurozone debt concerns spurred investors to buy the precious metal.
In the Asian session, at GMT0300, Gold is trading at 1667.35, 0.21% higher from the New York close.
Gold is expected to find support at 1639.42, and a fall through could take it to the next support level of 1611.49. Gold is expected to find its first resistance at 1683.83, and a rise through could take it to the next resistance level of 1700.31.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
