Gold Movement
Gold prices traded lower by 2.22% against the USD in the 24 hour period ending 23:00GMT, at 1395.20 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1396.18, marginally higher from yesterday’s close.
Gold is expected to find support at 1379.14, and a fall through could take it to the next support level of 1362.09. Gold is expected to find its first resistance at 1421.39, and a rise through could take it to the next resistance level of 1446.59.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
