Gold Movement
Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1716.06 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1710.60, 0.32% lower from yesterday’s close.
Gold is expected to find support at 1705.81, and a fall through could take it to the next support level of 1701.01. Gold is expected to find its first resistance at 1719.15, and a rise through could take it to the next resistance level of 1727.69.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
