Gold Movement
Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1,715.15 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1722.52, 0.43% higher from yesterday’s close.
Gold is expected to find support at 1693.47, and a fall through could take it to the next support level of 1664.41. Gold is expected to find its first resistance at 1739.84, and a rise through could take it to the next resistance level of 1757.15.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
