Gold Movement
On Friday Gold prices traded lower by 0.38% against the USD in the 24 hour period ending 24:00GMT, at 1655.87 per ounce, as the greenback strengthened.
In the Asian session, at GMT0400, Gold is trading at 1661.45, 0.34% higher from Friday’s close.
Gold is expected to find support at 1655.90, and a fall through could take it to the next support level of 1650.34. Gold is expected to find its first resistance at 1664.96, and a rise through could take it to the next resistance level of 1668.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
