Gold prices traded higher by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1331.15 per ounce, rebounding from its initial losses, arising from a stronger US Dollar.
In the Asian session, at GMT0400, Gold is trading at 1333.22, 0.16% higher from yesterday’s close, amid speculation that the recent weakness in gold prices would spur physical demand.
Gold is expected to find support at 1323.98, and a fall through could take it to the next support level of 1314.75. Gold is expected to find its first resistance at 1339.04, and a rise through could take it to the next resistance level of 1344.87.
No comments:
Post a Comment