Gold Movement
Gold prices traded higher by 0.38% against the USD in the 24 hour period ending 23:00GMT, at 1662.22 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1661.63, marginally lower from yesterday’s close.
Gold is expected to find support at 1654.15, and a fall through could take it to the next support level of 1646.67. Gold is expected to find its first resistance at 1667.80, and a rise through could take it to the next resistance level of 1673.96.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
