Gold Movement
Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s session.
In the Asian session, at GMT0300, Gold is trading at 1426.61, marginally lower from yesterday’s close.
Gold is expected to find support at 1417.44, and a fall through could take it to the next support level of 1408.27. Gold is expected to find its first resistance at 1439.64, and a rise through could take it to the next resistance level of 1452.67.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
