Gold Movement
Gold prices traded 0.05% higher against the USD in the 24 hour period ending 23:00GMT, at 1721.58 per ounce, as bargain hunters returned to buy precious metal after recent downfall.
In the Asian session, at GMT0400, Gold is trading at 1723.45, 0.11% higher from yesterday’s close.
Gold is expected to find support at 1714.46, and a fall through could take it to the next support level of 1705.47. Gold is expected to find its first resistance at 1730.15, and a rise through could take it to the next resistance level of 1736.85.
The yellow metal is trading above its 20 Hr and its 50 Hr moving averages.
