Gold Movement
Gold prices traded higher by 2.47% against the USD in the 24 hour period ending 23:00GMT, at 1465.79 per ounce, as the dollar weakened and amid continuous buying of precious metal across Asia.
In the Asian session, at GMT0300, Gold is trading at 1475.02, 0.63% higher from yesterday’s close.
Gold is expected to find support at 1444.96, and a fall through could take it to the next support level of 1414.90. Gold is expected to find its first resistance at 1495.29, and a rise through could take it to the next resistance level of 1515.56.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
