Gold Movement
Gold prices traded higher by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1582.46 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1584.04, 0.10% higher from yesterday’s close.
Gold is expected to find support at 1578.84, and a fall through could take it to the next support level of 1573.65. Gold is expected to find its first resistance at 1586.99, and a rise through could take it to the next resistance level of 1589.95.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
