Gold Movement
Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1604.20 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1604.6, marginally higher from yesterday’s close.
Gold is expected to find support at 1594.28, and a fall through could take it to the next support level of 1583.97. Gold is expected to find its first resistance at 1610.93, and a rise through could take it to the next resistance level of 1617.27.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
