Gold Movement
Gold prices traded lower by 0.88% against the USD in the 24 hour period ending 23:00GMT, at 1605.40 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1601.7, 0.23% lower from yesterday’s close.
Gold is expected to find support at 1587.36, and a fall through could take it to the next support level of 1573.02. Gold is expected to find its first resistance at 1619.13, and a rise through could take it to the next resistance level of 1636.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
