Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1611.65 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1610.9, 0.05% lower from yesterday’s close.
Gold is expected to find support at 1607.15, and a fall through could take it to the next support level of 1603.41. Gold is expected to find its first resistance at 1616.52, and a rise through could take it to the next resistance level of 1622.15.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
