Gold Movement
Gold prices traded higher by 1.27% against the USD in the 24 hour period ending 23:00GMT, at 1777.07 per ounce, as the greenback weakened following the release of a series of broadly weaker-than-expected US data.
In the Asian session, at GMT0300, Gold is trading at 1778.96, 0.11% higher from yesterday’s close.
Gold is expected to find support at 1761.17, and a fall through could take it to the next support level of 1743.38. Gold is expected to find its first resistance at 1788.60, and a rise through could take it to the next resistance level of 1798.23.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
