Gold Movement
Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1617.70 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1613.65, 0.25% lower from yesterday’s close.
Gold is expected to find support at 1609.30, and a fall through could take it to the next support level of 1604.95. Gold is expected to find its first resistance at 1618.40, and a rise through could take it to the next resistance level of 1623.15.
The yellow metal is trading just below its 20 Hr and 50 Hr moving averages.
