Gold Movement
Gold prices traded lower by 1.11% against the USD in the 24 hour period ending 23:00GMT, at 1722.65 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1719.55, 0.18% lower from yesterday’s close, after declining more than 1% in the previous session.
Gold is expected to find support at 1703.00, and a fall through could take it to the next support level of 1686.44. Gold is expected to find its first resistance at 1739.14, and a rise through could take it to the next resistance level of 1758.74.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
