Gold Movement
Gold prices traded higher by 0.84% against the USD in the 24 hour period ending 23:00GMT, at 1388.97 per ounce, amid a weak dollar.
In the Asian session, at GMT0300, Gold is trading at 1392.71, 0.27% higher from yesterday’s close.
Gold is expected to find support at 1379.41, and a fall through could take it to the next support level of 1366.12. Gold is expected to find its first resistance at 1400.55, and a rise through could take it to the next resistance level of 1408.40.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
