Gold Movement
Gold prices traded higher by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1587.65 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1585.48, 0.14% lower from yesterday’s close.
Gold is expected to find support at 1578.90, and a fall through could take it to the next support level of 1572.32. Gold is expected to find its first resistance at 1592.48, and a rise through could take it to the next resistance level of 1599.48.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
