Gold Movement
Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1776.13 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1778.13, 0.11% higher from yesterday’s close.
Gold is expected to find support at 1763.98, and a fall through could take it to the next support level of 1749.83. Gold is expected to find its first resistance at 1792.05, and a rise through could take it to the next resistance level of 1805.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
