Gold Movement
Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1595.10 per ounce, amid bargain hunting.
In the Asian session, at GMT0300, Gold is trading at 1587.66, 0.47% lower from yesterday’s close.
Gold is expected to find support at 1580.88, and a fall through could take it to the next support level of 1574.09. Gold is expected to find its first resistance at 1598.29, and a rise through could take it to the next resistance level of 1608.91.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
