Gold Movement
Gold prices traded lower by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1732.80 per ounce, as the greenback strengthened.
In the Asian session, at GMT0400, Gold is trading at 1735.70, 0.17% higher from yesterday’s close.
Gold is expected to find support at 1722.12, and a fall through could take it to the next support level of 1708.54. Gold is expected to find its first resistance at 1743.49, and a rise through could take it to the next resistance level of 1751.29.
The yellow metal is trading above its 20 Hr and its 50 Hr moving averages.
