Gold Movement
Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1583.53 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1582.07, 0.09% lower from yesterday’s close.
Gold is expected to find support at 1569.26, and a fall through could take it to the next support level of 1556.46. Gold is expected to find its first resistance at 1597.16, and a rise through could take it to the next resistance level of 1612.26.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
