Gold Movement
Gold prices traded higher by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1,650.50 per ounce, after the European Central Bank announced measures to boost liquidity, while the Bank of England implemented a fresh round of monetary easing measures.
In the Asian session, at GMT0300, Gold is trading at 1658.05, 0.46% higher from the New York close.
Gold is expected to find support at 1640.42, and a fall through could take it to the next support level of 1622.78. Gold is expected to find its first resistance at 1667.07, and a rise through could take it to the next resistance level of 1676.08.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
