Gold Movement
Gold prices traded higher by 1.21% against the USD in the 24 hour period ending 23:00GMT, at 1610.82 per ounce, on a weaker greenback.
In the Asian session, at GMT0300, Gold is trading at 1608.68, 0.13% lower from yesterday’s close.
Gold is expected to find support at 1591.04, and a fall through could take it to the next support level of 1573.39. Gold is expected to find its first resistance at 1621.94, and a rise through could take it to the next resistance level of 1635.19.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
