Gold Movement
Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1614.60 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1617.98, 0.05% lower from yesterday’s close.
Gold is expected to find support at 1613.25, and a fall through could take it to the next support level of 1608.53. Gold is expected to find its first resistance at 1621.20, and a rise through could take it to the next resistance level of 1624.43.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
