Gold Movement
On Friday, Gold prices rose 1.51% against the USD in the 24 hour period ending 23:00GMT, at 1742.43 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1743.42, 0.06% higher from Friday’s close.
Gold is expected to find support at 1732.35, and a fall through could take it to the next support level of 1721.29. Gold is expected to find its first resistance at 1763.94, and a rise through could take it to the next resistance level of 1784.46.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
