Gold Movement
Gold prices traded lower by 1.34% against the USD in the 24 hour period ending 23:00GMT, at 1554.06 per ounce, amid a stronger greenback.
In the Asian session, at GMT0300, Gold is trading at 1547.36, 0.43% lower from yesterday’s close.
Gold is expected to find support at 1534.37, and a fall through could take it to the next support level of 1521.37. Gold is expected to find its first resistance at 1571.59, and a rise through could take it to the next resistance level of 1595.82.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
