Gold Movement
Gold prices traded lower by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1726.65 per ounce, as the US Dollar strengthened.
In the Asian session, at GMT0400, Gold is trading at 1724.75, 0.11% lower from yesterday’s close.
Gold is expected to find support at 1718.12, and a fall through could take it to the next support level of 1711.49. Gold is expected to find its first resistance at 1734.76, and a rise through could take it to the next resistance level of 1744.77.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
