Gold Movement
Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1725.13 per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1727.84, 0.16% higher from yesterday’s close.
Gold is expected to find support at 1721.16, and a fall through could take it to the next support level of 1714.49. Gold is expected to find its first resistance at 1731.59, and a rise through could take it to the next resistance level of 1735.33.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
