Gold Movement
Gold prices traded higher by 1.64% against the USD in the 24 hour period ending 23:00GMT, at 1413.76 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1411.10, 0.19% lower from yesterday’s close.
Gold is expected to find support at 1395.68, and a fall through could take it to the next support level of 1380.27. Gold is expected to find its first resistance at 1421.78, and a rise through could take it to the next resistance level of 1432.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
