Gold Movement
Gold prices traded lower by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1558.45 per ounce, amid a stronger greenback.
In the Asian session, at GMT0300, Gold is trading at 1552.24, 0.40% lower from yesterday’s close.
Gold is expected to find support at 1543.31, and a fall through could take it to the next support level of 1534.37. Gold is expected to find its first resistance at 1569.62, and a rise through could take it to the next resistance level of 1587.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
