Gold Movement
Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1655.90 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1654.70, 0.07% lower from yesterday’s close.
Gold is expected to find support at 1649.18, and a fall through could take it to the next support level of 1643.67. Gold is expected to find its first resistance at 1662.18, and a rise through could take it to the next resistance level of 1669.67.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
