Gold prices traded lower by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1243.45 per ounce, as the greenback strengthened and ahead of both the European Central Bank and the Bank of England’s policy decision tomorrow.
In the Asian session, at GMT0300, Gold is trading at 1246.47, 0.24% higher from yesterday’s close.
Gold is expected to find support at 1234.92, and a fall through could take it to the next support level of 1223.37. Gold is expected to find its first resistance at 1262.85, and a rise through could take it to the next resistance level of 1279.23.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages
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TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
