Gold Movement
Gold prices traded higher by 1.27% against the USD in the 24 hour period ending 23:00GMT, at 1,719.43 per ounce, amid uncertainty over the outcome to a key EU summit.
In the Asian session, at GMT0300, Gold is trading at 1723.75, 0.25% higher from yesterday’s close.
Gold is expected to find support at 1707.98, and a fall through could take it to the next support level of 1692.21. Gold is expected to find its first resistance at 1734.11, and a rise through could take it to the next resistance level of 1744.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
