Gold Movement
Gold prices traded higher by 0.29% against the USD in the 24 hour period ending 23:00GMT, at 1677.80 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1679.03, marginally higher from yesterday’s close.
Gold is expected to find support at 1671.72, and a fall through could take it to the next support level of 1664.41. Gold is expected to find its first resistance at 1683.02, and a rise through could take it to the next resistance level of 1687.01.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
