Gold Movement
Gold prices traded lower by 2.35% against the USD in the 24 hour period ending 23:00GMT, at 1567.65 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1564.74, 0.19% lower from yesterday’s close.
Gold is expected to find support at 1549.51, and a fall through could take it to the next support level of 1534.28. Gold is expected to find its first resistance at 1592.26, and a rise through could take it to the next resistance level of 1619.78.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
