Gold Movement
Gold prices traded lower by 0.86% against the USD in the 24 hour period ending 23:00GMT, at 1084.80 per ounce, as the greenback strengthened against its peers.
Additionally, the timing of a hike in the US interest rates by the Fed continued to play on the minds of bullion investors.
In the Asian session, at GMT0300, the pair is trading at 1083.40, with the gold trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 1076.66, and a fall through could take it to the next support level of 1069.93. The pair is expected to find its first resistance at 1093.66, and a rise through could take it to the next resistance level of 1103.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
