Gold Movement
Gold prices traded higher by 1.00% against the USD in the 24 hour period ending 23:00GMT, at 1,642.43 per ounce, as a sharp decline in prices in the previous session, spurred investors back to precious metals.
In the Asian session, at GMT0300, Gold is trading at 1646.5, 0.25% higher from the New York close.
Gold is expected to find support at 1613.14, and a fall through could take it to the next support level of 1579.78. Gold is expected to find its first resistance at 1664.07, and a rise through could take it to the next resistance level of 1681.64.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
