Gold Movement
Gold prices traded higher by 1.04% against the USD in the 24 hour period ending 23:00GMT, at 1636.85 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1639.00, 0.13% higher from yesterday’s close.
Gold is expected to find support at 1626.21, and a fall through could take it to the next support level of 1613.41. Gold is expected to find its first resistance at 1646.64, and a rise through could take it to the next resistance level of 1654.27.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
