Gold Movement
In the 24 hour period ending 23:00GMT, gold prices traded 0.81% lower against the USD, at 1571.70 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1573.57, 0.12% higher from yesterday’s close.
Gold is expected to find support at 1565.06, and a fall through could take it to the next support level of 1556.54. Gold is expected to find its first resistance at 1584.46, and a rise through could take it to the next resistance level of 1595.34.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
