Gold Movement
On Friday Gold prices traded lower by 0.33% against the USD in the 24 hour period ending 24:00GMT, at 1655.78 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1657.95, 0.13% higher from Friday’s close.
Gold is expected to find support at 1635.03, and a fall through could take it to the next support level of 1612.11. Gold is expected to find its first resistance at 1671.79, and a rise through could take it to the next resistance level of 1685.64.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
