Gold Movement
Gold prices traded higher by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1771.65 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1766.90, 0.27% lower from yesterday’s close.
Gold is expected to find support at 1755.10, and a fall through could take it to the next support level of 1743.30. Gold is expected to find its first resistance at 1776.05, and a rise through could take it to the next resistance level of 1785.20.
The yellow metal is showing convergence with 20 Hr moving average and 50 Hr moving average.
