Gold Movement
Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1365.71 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1366.78, marginally higher from yesterday’s close.
Gold is expected to find support at 1358.55, and a fall through could take it to the next support level of 1350.33. Gold is expected to find its first resistance at 1379.08, and a rise through could take it to the next resistance level of 1391.39.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
