Gold Movement
Gold prices traded lower by 0.08% against the USD in the 24 hour period ending 23:00GMT, at 1575.18 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1574.4, 0.05% lower from yesterday’s close.
Gold is expected to find support at 1566.18, and a fall through could take it to the next support level of 1557.95. Gold is expected to find its first resistance at 1587.88, and a rise through could take it to the next resistance level of 1601.35.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
