Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1166.50 per ounce.
Gains in gold prices were kept in check, amid broad strength in the greenback along with ongoing uncertainty over the timing of an interest rate hike by the Fed.
In the Asian session, at GMT0300, the pair is trading at 1168.50, with the gold trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 1162.66, and a fall through could take it to the next support level of 1156.83. The pair is expected to find its first resistance at 1173.06, and a rise through could take it to the next resistance level of 1177.63.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
