Gold Movement
Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1377.80 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1362.30, 1.12% lower from yesterday’s close.
Gold is expected to find support at 1334.99, and a fall through could take it to the next support level of 1307.69. Gold is expected to find its first resistance at 1392.46, and a rise through could take it to the next resistance level of 1422.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
