Gold Movement
Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1765.41 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1764.62, marginally lower from yesterday’s close.
Gold is expected to find support at 1756.80, and a fall through could take it to the next support level of 1748.98. Gold is expected to find its first resistance at 1776.17, and a rise through could take it to the next resistance level of 1787.71.
The yellow metal is trading lower its 20 Hr and 50 Hr moving averages.
