Gold Movement
Gold prices traded lower 1.14% against the USD in the 24 hour period ending 23:00GMT, at 1569.63 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1574.95, 0.34% higher from yesterday’s close.
Gold is expected to find support at 1559.43, and a fall through could take it to the next support level of 1543.90. Gold is expected to find its first resistance at 1595.83, and a rise through could take it to the next resistance level of 1616.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
