Gold Movement
On Monday, Gold prices traded higher by 1.08% against the USD in the 24 hour period ending 23:00GMT, at 1675.31 per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1679.06, 0.22% higher from Monday’s close.
Gold is expected to find support at 1663.74, and a fall through could take it to the next support level of 1648.42. Gold is expected to find its first resistance at 1687.48, and a rise through could take it to the next resistance level of 1695.90.
The yellow metal is trading above its 20 Hr and its 50 Hr moving averages.
