Gold Movement
Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1715.87 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1708.85, 0.41% lower from yesterday’s close.
Gold is expected to find support at 1702.38, and a fall through could take it to the next support level of 1695.90. Gold is expected to find its first resistance at 1721.24, and a rise through could take it to the next resistance level of 1733.62.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
