Gold Movement
Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1731.35 per ounce.
In the Asian session, at GMT0300, Gold is trading steady at 1731.13, from yesterday’s close, ahead of the Federal Reserve policy meeting.
Gold is expected to find support at 1722.29, and a fall through could take it to the next support level of 1713.44. Gold is expected to find its first resistance at 1743.44, and a rise through could take it to the next resistance level of 1755.74.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
