Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1658.51 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1658.93, 0.03% higher from yesterday’s close.
Gold is expected to find support at 1653.72, and a fall through could take it to the next support level of 1648.51. Gold is expected to find its first resistance at 1663.42, and a rise through could take it to the next resistance level of 1667.91.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
