Gold Movement
Gold prices traded lower by 1.46% against the USD in the 24 hour period ending 23:00GMT, at 1197.94 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1198.34, marginally higher from yesterday’s close.
Gold is expected to find support at 1191.52, and a fall through could take it to the next support level of 1184.7. Gold is expected to find its first resistance at 1207.96, and a rise through could take it to the next resistance level of 1217.58.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
