Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at1732.55 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1735.76, 0.19% higher from yesterday’s close, as the dollar weakened after Euro-zone Finance Ministers sealed a deal for a second bailout for Greece.
Gold is expected to find support at 1730.61, and a fall through could take it to the next support level of 1725.45. Gold is expected to find its first resistance at 1738.98, and a rise through could take it to the next resistance level of 1742.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
