Gold Movement
Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1611.00 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1612.05, 0.07% higher from yesterday’s close.
Gold is expected to find support at 1605.47, and a fall through could take it to the next support level of 1598.88. Gold is expected to find its first resistance at 1617.02, and a rise through could take it to the next resistance level of 1621.98.
The yellow metal is trading just above its 20 Hr moving average and well above its 50 Hr moving average.
