Gold Movement
Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1697.39 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1702.26, 0.29% higher from yesterday’s close.
Gold is expected to find support at 1691.71, and a fall through could take it to the next support level of 1681.16. Gold is expected to find its first resistance at 1707.75, and a rise through could take it to the next resistance level of 1713.24.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
