Gold Movement
Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1095.10 per ounce, extending its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 1096.7, with the gold trading 0.16% higher from yesterday’s close.
The pair is expected to find support at 1090.27, and a fall through could take it to the next support level of 1083.83. The pair is expected to find its first resistance at 1105.37, and a rise through could take it to the next resistance level of 1114.03.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
