Gold Movement
Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1655.87 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1658.05, 0.13% higher from yesterday’s close.
Gold is expected to find support at 1650.36, and a fall through could take it to the next support level of 1642.66. Gold is expected to find its first resistance at 1666.95, and a rise through could take it to the next resistance level of 1675.85.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
