Gold Movement
Gold prices traded higher by 0.88% against the USD in the 24 hour period ending 23:00GMT, at 1732.35 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1733.75, marginally higher from yesterday’s close.
Gold is expected to find support at 1719.12, and a fall through could take it to the next support level of 1704.49. Gold is expected to find its first resistance at 1742.11, and a rise through could take it to the next resistance level of 1750.48.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
