Gold Movement
Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1184.10 per ounce, after the Fed kept its monetary policy unchanged during June’s meeting
In the Asian session, at GMT0300, the pair is trading at 1186.80, with the gold trading 0.23% higher from yesterday’s close.
The pair is expected to find support at 1177.53, and a fall through could take it to the next support level of 1168.26. The pair is expected to find its first resistance at 1192.43, and a rise through could take it to the next resistance level of 1198.06.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
