Gold Movement
Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1589.50 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1590.55, 0.07% higher from yesterday’s close.
Gold is expected to find support at 1578.31, and a fall through could take it to the next support level of 1566.08. Gold is expected to find its first resistance at 1608.55, and a rise through could take it to the next resistance level of 1626.56.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
