Gold Movement
Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1615.50, 0.09% higher from yesterday’s close.
Gold is expected to find support at 1604.38, and a fall through could take it to the next support level of 1593.26. Gold is expected to find its first resistance at 1624.31, and a rise through could take it to the next resistance level of 1633.12.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
