Gold Movement
On Friday, Gold prices traded higher by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1704.10 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1706.10, 0.12% higher from Friday’s close.
Gold is expected to find support at 1690.58, and a fall through could take it to the next support level of 1675.05. Gold is expected to find its first resistance at 1714.89, and a rise through could take it to the next resistance level of 1723.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
