Gold Movement
Gold prices traded higher by 0.15% against the USD in the 24 hour period ending 23:00GMT, at 1086.40 per ounce, rebounding from its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1085.90, with the gold trading a tad lower from yesterday’s close.
The pair is expected to find support at 1080.33, and a fall through could take it to the next support level of 1074.76. The pair is expected to find its first resistance at 1092.93, and a rise through could take it to the next resistance level of 1099.96.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
