Gold Movement
Gold prices traded higher by 1.02% against the USD in the 24 hour period ending 23:00GMT, at 1584.53 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1584.45, marginally lower from yesterday’s close.
Gold is expected to find support at 1571.23, and a fall through could take it to the next support level of 1558.02. Gold is expected to find its first resistance at 1592.98, and a rise through could take it to the next resistance level of 1601.52.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
