Gold Movement
Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1614.60 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1614.75, marginally higher from yesterday’s close.
Gold is expected to find support at 1607.70, and a fall through could take it to the next support level of 1600.65. Gold is expected to find its first resistance at 1625.10, and a rise through could take it to the next resistance level of 1635.45.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
