Gold Movement
Gold prices traded higher by 0.79% against the USD in the 24 hour period ending 23:00GMT, at 1185.30 per ounce, bolstered by a weaker greenback along with concerns over the Greek debt crisis.
In the Asian session, at GMT0300, the pair is trading at 1185.30, with the gold trading flat from yesterday’s close.
The pair is expected to find support at 1175.80, and a fall through could take it to the next support level of 1166.30. The pair is expected to find its first resistance at 1193.30, and a rise through could take it to the next resistance level of 1201.30.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
