Gold Movement
Gold prices traded higher by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1392.97 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1396.56, 0.26% higher from yesterday’s close.
Gold is expected to find support at 1366.73, and a fall through could take it to the next support level of 1336.90. Gold is expected to find its first resistance at 1414.23, and a rise through could take it to the next resistance level of 1431.90.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
