Gold Movement
Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1613.65 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1618.8, 0.32% higher from yesterday’s close.
Gold is expected to find support at 1608.50, and a fall through could take it to the next support level of 1598.20. Gold is expected to find its first resistance at 1623.95, and a rise through could take it to the next resistance level of 1629.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
