Gold Movement
Gold prices traded higher by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1,716.48 per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1722.32, 0.34% higher from yesterday’s close.
Gold is expected to find support at 1708.30, and a fall through could take it to the next support level of 1694.28. Gold is expected to find its first resistance at 1731.92, and a rise through could take it to the next resistance level of 1741.52.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
