Gold Movement
Gold prices traded lower by 0.42% against the USD in the 24 hour period ending 23:00GMT, at 1182.90 per ounce, amid a broad strength in the greenback.
Separately, bullion investors kept a close eye on negotiations between Greece and its international creditors.
In the Asian session, at GMT0300, the pair is trading at 1183.6, with the gold trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 1177.43, and a fall through could take it to the next support level of 1171.26. The pair is expected to find its first resistance at 1190.33, and a rise through could take it to the next resistance level of 1197.06.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
