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CozForex: Gold trading lower in this week

kiriss5678

By kiriss5678
in Fundamental Analysis

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kiriss5678 Newbie

kiriss5678

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Coz Forex UK: Gold prices traded lower by 0.69% against the USD at 1765.41 per ounce, as the greenback strengthened. In the Asian trading session, Gold is trading at 1764.62, marginally lower from Monday’s close.

Technically, gold is predicted to find its first resistance at 1776.17, and a rose through could take it to the next resistance line of 1787.71. Also, gold is predicted to find support at 1756.80, and a fell through could take it to the next support line of 1748.98.

Gold is trading lower its 20 Hr and 50 Hr moving averages. (Cozfx)

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