Gold Movement
Gold prices traded lower by 1.30% against the USD in the 24 hour period ending 23:00GMT, at 1373.05 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1378.32, 0.38% higher from yesterday’s close.
Gold is expected to find support at 1358.12, and a fall through could take it to the next support level of 1337.93. Gold is expected to find its first resistance at 1400.14, and a rise through could take it to the next resistance level of 1421.97.
The yellow metal is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
