Gold Movement
Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1594.20 per ounce, amid a weaker dollar.
In the Asian session, at GMT0300, Gold is trading at 1591.30, 0.18% lower from yesterday’s close.
Gold is expected to find support at 1584.41, and a fall through could take it to the next support level of 1577.52. Gold is expected to find its first resistance at 1598.76, and a rise through could take it to the next resistance level of 1606.21.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages