Gold Movement
Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1700.40 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1703.33, 0.17% higher from yesterday’s close.
Gold is expected to find support at 1691.52, and a fall through could take it to the next support level of 1679.72. Gold is expected to find its first resistance at 1709.60, and a rise through could take it to the next resistance level of 1715.88.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
