Gold Movement
Gold prices traded lower by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1726.63 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1722.33, 0.25% lower from yesterday’s close.
Gold is expected to find support at 1716.20, and a fall through could take it to the next support level of 1710.07. Gold is expected to find its first resistance at 1732.10, and a rise through could take it to the next resistance level of 1741.88.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
