Gold Movement
Gold prices traded flat against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,745.43 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1746.05, 0.04% higher from Friday’s close.
Gold is expected to find support at 1736.82, and a fall through could take it to the next support level of 1727.60. Gold is expected to find its first resistance at 1759.25, and a rise through could take it to the next resistance level of 1772.46.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
