Gold Movement
Gold prices traded higher by 0.03% against the USD in the 24 hour period ending 23:00GMT, at 1618.59 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1626.39, 0.48% higher from yesterday’s close.
Gold is expected to find support at 1616.01, and a fall through could take it to the next support level of 1605.63. Gold is expected to find its first resistance at 1632.80, and a rise through could take it to the next resistance level of 1639.21.
The Yellow metal is trading above its 20 Hr and 50 Hr moving averages.
