Gold: Trading flat this morning



Gold Movement

On Friday Gold prices traded higher by 0.52% against the USD in the 24 hour period ending 24:00GMT, at 1657.17 per ounce.

In the Asian session, at GMT0400, Gold is trading at 1657.21, flat from Friday’s close.

Gold is expected to find support at 1645.35, and a fall through could take it to the next support level of 1633.50. Gold is expected to find its first resistance at 1664.48, and a rise through could take it to the next resistance level of 1671.75.

The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.

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