Gold Movement
Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1610.10 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1612.55, 0.15% higher from yesterday’s close.
Gold is expected to find support at 1604.94, and a fall through could take it to the next support level of 1597.32. Gold is expected to find its first resistance at 1622.91, and a rise through could take it to the next resistance level of 1633.26.
The yellow metal is trading below its 20 Hr and its 50 Hr moving average.
