Gold Movement
Gold prices traded lower by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1119.20 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1120.30, with the gold trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 1115.30, and a fall through could take it to the next support level of 1110.30. The pair is expected to find its first resistance at 1124.70, and a rise through could take it to the next resistance level of 1129.10.
The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
