Gold Movement
On Friday Gold prices traded marginally lower against the USD in the 24 hour period ending 24:00GMT, at 1731.19 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1735.63, 0.26% higher from Friday’s close.
Gold is expected to find support at 1728.90, and a fall through could take it to the next support level of 1722.17. Gold is expected to find its first resistance at 1740.65, and a rise through could take it to the next resistance level of 1745.66.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
