Gold Movement
Gold prices traded higher by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1750.65 per ounce, as the dollar weakened.
In the Asian session, at GMT0300, Gold is trading at 1751.58, 0.13% higher from yesterday’s close.
Gold is expected to find support at 1740.53, and a fall through could take it to the next support level of 1729.47. Gold is expected to find its first resistance at 1757.95, and a rise through could take it to the next resistance level of 1764.32.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
