Gold Movement
Gold prices traded lower by 2.22% against the USD in the 24 hour period ending 23:00GMT, at 1202.76 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1203.54, marginally higher from yesterday’s close.
Gold is expected to find support at 1174.41, and a fall through could take it to the next support level of 1145.28. Gold is expected to find its first resistance at 1238.76, and a rise through could take it to the next resistance level of 1273.98.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
