Gold Movement
Gold prices traded higher by 1.44% against the USD in the 24 hour period ending 23:00GMT, at 1,632.84 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1637.39, 0.28% higher from yesterday’s close.
Gold is expected to find support at 1620.98, and a fall through could take it to the next support level of 1604.58. Gold is expected to find its first resistance at 1647.13, and a rise through could take it to the next resistance level of 1656.87.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
