Gold Movement
Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1650.25 per ounce, as investors seized the opportunity to buy precious metal at the bargain price.
In the Asian session, at GMT0400, Gold is trading at 1649.95, 0.02% lower from yesterday’s close.
Gold is expected to find support at 1643.78, and a fall through could take it to the next support level of 1637.62. Gold is expected to find its first resistance at 1659.06, and a rise through could take it to the next resistance level of 1668.17.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
