Gold Movement
Gold prices traded lower by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1,770.95 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1761.38, 0.54% lower from yesterday’s close.
Gold is expected to find support at 1744.09, and a fall through could take it to the next support level of 1726.79. Gold is expected to find its first resistance at 1789.34, and a rise through could take it to the next resistance level of 1817.29.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
