Gold Movement
Gold prices traded higher by 1.69% against the USD in the 24 hour period ending 23:00GMT, at 1390.51 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1394.10, 0.26% higher from yesterday’s close.
Gold is expected to find support at 1371.73, and a fall through could take it to the next support level of 1349.35. Gold is expected to find its first resistance at 1407.49, and a rise through could take it to the next resistance level of 1420.87.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
