Gold Movement
Gold prices traded higher by 0.83% against the USD in the 24 hour period ending 23:00GMT, at 1586.38 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1587.16, marginally higher from yesterday’s close.
Gold is expected to find support at 1575.17, and a fall through could take it to the next support level of 1563.19. Gold is expected to find its first resistance at 1594.80, and a rise through could take it to the next resistance level of 1602.45.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
