Gold Movement
Gold prices traded lower by 1.36% against the USD in the 24 hour period ending 23:00GMT, at 1559.32 per ounce, amid a firm dollar.
In the Asian session, at GMT0300, Gold is trading at 1554.54, 0.31% lower from yesterday’s close.
Gold is expected to find support at 1544.09, and a fall through could take it to the next support level of 1533.64. Gold is expected to find its first resistance at 1573.94, and a rise through could take it to the next resistance level of 1593.33.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
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