Gold Movement
Gold prices traded higher by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1093.10 per ounce, on the back of worries about global economic outlook.
In the Asian session, at GMT0400, the pair is trading at 1092.40, with gold trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 1082.66, and a fall through could take it to the next support level of 1072.93. The pair is expected to find its first resistance at 1098.87, and a rise through could take it to the next resistance level of 1105.33.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
