Gold Movement
Gold prices traded higher by 1.79% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,788.82 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1792.73, 0.22% higher from Friday’s close.
Gold is expected to find support at 1770.46, and a fall through could take it to the next support level of 1748.20. Gold is expected to find its first resistance at 1805.63, and a rise through could take it to the next resistance level of 1818.54.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
