Gold Movement
Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1108.10 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1110.00, with the gold trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 1097.76, and a fall through could take it to the next support level of 1085.53. The pair is expected to find its first resistance at 1120.66, and a rise through could take it to the next resistance level of 1131.33.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
