Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1614.90 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1605.82, 0.56% lower from yesterday’s close.
Gold is expected to find support at 1594.18, and a fall through could take it to the next support level of 1582.53. Gold is expected to find its first resistance at 1620.76, and a rise through could take it to the next resistance level of 1635.69.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.