Gold Movement
Gold prices traded higher by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1685.82 per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1684.65, 0.07% lower from yesterday’s close.
Gold is expected to find support at 1674.52, and a fall through could take it to the next support level of 1664.40. Gold is expected to find its first resistance at 1691.55, and a rise through could take it to the next resistance level of 1698.45.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
