Gold Movement
Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1726.49 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1728.05, marginally higher from yesterday’s close.
Gold is expected to find support at 1719.63, and a fall through could take it to the next support level of 1711.20. Gold is expected to find its first resistance at 1734.84, and a rise through could take it to the next resistance level of 1741.63.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
