Gold Movement
Gold prices traded lower by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1777.28 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1779.84, 0.19% higher from yesterday’s close, on bargain hunting after two days of decline.
Gold is expected to find support at 1771.12, and a fall through could take it to the next support level of 1762.41. Gold is expected to find its first resistance at 1784.22, and a rise through could take it to the next resistance level of 1788.60.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
