Gold: Yellow metal continues to rise this morning

Gold

Gold Movement

Gold prices traded higher by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1780.06 per ounce.

In the Asian session, at GMT0300, Gold is trading at 1781.52, 0.08% higher from yesterday’s close.

Gold is expected to find support at 1774.41, and a fall through could take it to the next support level of 1767.30. Gold is expected to find its first resistance at 1785.29, and a rise through could take it to the next resistance level of 1789.06.

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

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