Gold Movement
Gold prices traded lower by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1692.45 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1697.00, 0.27% higher from yesterday’s close.
Gold is expected to find support at 1690.16, and a fall through could take it to the next support level of 1683.33. Gold is expected to find its first resistance at 1701.24, and a rise through could take it to the next resistance level of 1705.49.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
