Gold Movement
Gold prices traded lower by 1.11% against the USD in the 24 hour period ending 23:00GMT, at 1368.64 per ounce, as traders remained cautious over the outcome of the US Federal Reserve meeting.
In the Asian session, at GMT0300, Gold is trading at 1365.86, 0.20% lower from yesterday’s close.
Gold is expected to find support at 1356.12, and a fall through could take it to the next support level of 1346.38. Gold is expected to find its first resistance at 1380.56, and a rise through could take it to the next resistance level of 1395.26.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
