Gold Movement
Gold prices traded lower by 0.08% against the USD in the 24 hour period ending 23:00GMT, at 1638.60 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1637.33, 0.08% lower from yesterday’s close.
Gold is expected to find support at 1632.09, and a fall through could take it to the next support level of 1626.85. Gold is expected to find its first resistance at 1642.69, and a rise through could take it to the next resistance level of 1648.04.
The yellow metal is trading just below its 20 Hr and 50 Hr moving averages.
