Gold Movement
Gold prices traded lower by 0.86% against the USD in the 24 hour period ending 23:00GMT, at 1166.40 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1165.7, with the gold trading marginally lower from yesterday’s close.
The pair is expected to find support at 1159.73, and a fall through could take it to the next support level of 1153.77. The pair is expected to find its first resistance at 1175.13, and a rise through could take it to the next resistance level of 1184.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
