Gold Movement
Gold prices traded lower by 0.52% against the USD in the 24 hour period ending 23:00GMT, at 1667.73 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1667.36, marginally lower from yesterday’s close.
Gold is expected to find support at 1661.66, and a fall through could take it to the next support level of 1655.96. Gold is expected to find its first resistance at 1674.95, and a rise through could take it to the next resistance level of 1682.54.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
