Gold Movement
Gold prices traded higher by 0.91% against the USD in the 24 hour period ending 23:00GMT, at 1062.60 per ounce, amid a weaker greenback.
In the Asian session, at GMT0400, the pair is trading at 1061.3, with the gold trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1051.17, and a fall through could take it to the next support level of 1041.03. The pair is expected to find its first resistance at 1067.97, and a rise through could take it to the next resistance level of 1074.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
