Gold Movement
On Friday Gold prices traded lower by 0.31% against the USD in the 24 hour period ending 24:00GMT, at 1667.20 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1667.65, marginally higher from Friday’s close.
Gold is expected to find support at 1664.15, and a fall through could take it to the next support level of 1660.65. Gold is expected to find its first resistance at 1672.40, and a rise through could take it to the next resistance level of 1677.15.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
