Gold Movement
Gold prices traded lower by 0.46% against the USD in the 24 hour period ending 23:00GMT, at 1634.65 per ounce, as the greenback strengthened.
In the Asian session, at GMT0400, Gold is trading at 1632.95, 0.10% lower from yesterday’s close.
Gold is expected to find support at 1625.69, and a fall through could take it to the next support level of 1618.42. Gold is expected to find its first resistance at 1645.13, and a rise through could take it to the next resistance level of 1657.30.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
