Gold Movement
Gold prices traded higher by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1600.53 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1602.08, 0.10% higher from yesterday’s close.
Gold is expected to find support at 1596.83, and a fall through could take it to the next support level of 1591.57. Gold is expected to find its first resistance at 1605.52, and a rise through could take it to the next resistance level of 1608.95.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
