Gold Movement
Gold prices traded higher by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1691.70 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1696.00, 0.25% higher from yesterday’s close.
Gold is expected to find support at 1688.63, and a fall through could take it to the next support level of 1681.27. Gold is expected to find its first resistance at 1700.28, and a rise through could take it to the next resistance level of 1704.57.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
