Gold Movement
Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1672.95 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1673.35, marginally higher from yesterday’s close.
Gold is expected to find support at 1665.11, and a fall through could take it to the next support level of 1656.87. Gold is expected to find its first resistance at 1683.27, and a rise through could take it to the next resistance level of 1693.19.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
