Gold Movement
Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1768.47 per ounce, as weakness in the US dollar supported gold prices.
In the Asian session, at GMT0300, Gold is trading at 1769.45, marginally higher from yesterday’s close.
Gold is expected to find support at 1763.06, and a fall through could take it to the next support level of 1756.68. Gold is expected to find its first resistance at 1775.41, and a rise through could take it to the next resistance level of 1781.37.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
