Gold Movement
Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1699.95 per ounce, amid profit booking.
In the Asian session, at GMT0400, Gold is trading at 1704.42, 0.26% higher from yesterday’s close.
Gold is expected to find support at 1694.87, and a fall through could take it to the next support level of 1685.33. Gold is expected to find its first resistance at 1711.62, and a rise through could take it to the next resistance level of 1718.82.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
