Gold Movement
Gold prices traded higher by 1.50% against the USD in the 24 hour period ending 23:00GMT, at 1711.65 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1724.18, 0.73% higher from yesterday’s close.
Gold is expected to find support at 1696.77, and a fall through could take it to the next support level of 1669.36. Gold is expected to find its first resistance at 1739.12, and a rise through could take it to the next resistance level of 1754.06.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
