Gold Movement
Gold prices traded lower by 2.40% against the USD in the 24 hour period ending 23:00GMT, at 1,741.13 per ounce, amid a rally in the US dollar, which dampened demand for metals.
In the Asian session at 3:00GMT, gold is trading at USD 1,744.88 per ounce, 0.22% higher from 23:00GMT.
The pair is expected to find its first short term resistance at 1,776.20, with the next resistance at 1,807.51. The pair is expected to find support at 1,717.80 and subsequently at 1,690.71.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
