Gold Movement
Gold prices traded higher by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1661.54per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1664.023, 0.15% higher from yesterday’s close.
Gold is expected to find support at 1649.03, and a fall through could take it to the next support level of 1634.04. Gold is expected to find its first resistance at 1672.74, and a rise through could take it to the next resistance level of 1681.47.
The yellow metal is trading above its 20 Hr and its 50 Hr moving averages.
