Gold Movement
On Friday Gold prices traded higher by 1.06% against the USD in the 24 hour period ending 23:00GMT, at 1591.12, amid bargain hunting.
In the Asian session, at GMT0300, Gold is trading at 1596.66, 0.35% higher from Friday’s close.
Gold is expected to find support at 1577.24, and a fall through could take it to the next support level of 1557.83. Gold is expected to find its first resistance at 1606.94, and a rise through could take it to the next resistance level of 1617.22.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
