Gold Movement
Gold prices traded higher by 3.45% against the USD in the 24 hour period ending 23:00GMT, at 1391.15 per ounce, as bargain hunters bought the precious metal after its prices fell in the last week.
In the Asian session, at GMT0300, Gold is trading at 1388.15, 0.22% lower from yesterday’s close.
Gold is expected to find support at 1353.29, and a fall through could take it to the next support level of 1318.44. Gold is expected to find its first resistance at 1411.61, and a rise through could take it to the next resistance level of 1435.08.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
