Gold Movement
Gold prices traded lower by 1.60% against the USD in the 24 hour period ending 23:00GMT, at 1568.65 per ounce, on a stronger greenback.
In the Asian session, at GMT0300, Gold is trading at 1559.56, 0.58% lower from yesterday’s close.
Gold is expected to find support at 1546.29, and a fall through could take it to the next support level of 1533.02. Gold is expected to find its first resistance at 1582.57, and a rise through could take it to the next resistance level of 1605.59.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
