Gold Movement
Gold prices traded lower by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1192.80 per ounce, as the global equity markets remained in green.
In the Asian session, at GMT0300, the pair is trading at 1191.4, with the gold trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1182.83, and a fall through could take it to the next support level of 1174.26. The pair is expected to find its first resistance at 1200.63, and a rise through could take it to the next resistance level of 1209.86.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
