Gold Movement
On Friday, Gold prices traded higher by 0.67% against the USD in the period ending 21:00GMT, at 1094.90 per ounce, amid a broad weakness in the greenback.
Separately, gold holdings in the SPDR Gold Trust, remained unchanged at 680.15 tons.
In the Asian session, at GMT0300, the pair is trading at 1094.2, with the gold trading 0.06% lower from Friday’s close.
The pair is expected to find support at 1081.26, and a fall through could take it to the next support level of 1068.33. The pair is expected to find its first resistance at 1105.06, and a rise through could take it to the next resistance level of 1115.93.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
