Gold Movement
Gold prices traded higher 0.92% against the USD in the 24 hour period ending 23:00GMT, at 1776.08per ounce.
A leading broker has issued a bullish note for the precious metal and sees a “value opportunity” in gold.
In the Asian session, at GMT0400, Gold is trading at 1774.05, 0.11% lower from yesterday’s close.
Gold is expected to find support at 1755.07, and a fall through could take it to the next support level of 1736.08. Gold is expected to find its first resistance at 1787.42, and a rise through could take it to the next resistance level of 1800.80.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
