Gold Movement
Gold prices traded higher by 0.27% against the USD in the 24 hour period ending 23:00GMT, at 1,728.00 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1729.43, 0.08% higher from yesterday’s close.
Gold is expected to find support at 1709.97, and a fall through could take it to the next support level of 1690.51. Gold is expected to find its first resistance at 1741.07, and a rise through could take it to the next resistance level of 1752.71.
The yellow metal is showing convergence with its 50 Hr and is trading above its 20 Hr moving average.
