Gold Movement
Gold prices traded lower by 0.05% against the USD in the 24 hour period ending 23:00GMT, at 1770.75 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1767.70, 0.17% lower from yesterday’s close.
Gold is expected to find support at 1760.23, and a fall through could take it to the next support level of 1752.77. Gold is expected to find its first resistance at 1777.33, and a rise through could take it to the next resistance level of 1786.97.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
