Gold Movement
Gold prices traded higher by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1687.15 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1688.85, 0.10% higher from yesterday’s close.
Gold is expected to find support at 1671.74, and a fall through could take it to the next support level of 1654.63. Gold is expected to find its first resistance at 1701.12, and a rise through could take it to the next resistance level of 1713.39.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
