Gold Movement
Gold prices traded higher by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1784.91per ounce, as greenback weakened on expectation of liquidity injection by European Central Bank later today.
In the Asian session, at GMT0400, Gold is trading at 1787.27, 0.13% higher from yesterday’s close.
Gold is expected to find support at 1773.17, and a fall through could take it to the next support level of 1759.06. Gold is expected to find its first resistance at 1795.96, and a rise through could take it to the next resistance level of 1804.65.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
