Gold Movement
Gold prices traded lower by 0.96% against the USD in the 24 hour period ending 23:00GMT, at 1544.42 per ounce, amid stronger greenback and easing demand on off season from Asian markets.
In the Asian session, at GMT0300, Gold is trading at 1537.26, 0.46% lower from yesterday’s close.
Gold is expected to find support at 1528.25, and a fall through could take it to the next support level of 1519.25. Gold is expected to find its first resistance at 1555.27, and a rise through could take it to the next resistance level of 1573.27.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.