Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.60% against the USD and closed at USD1739.30 per ounce on Friday, amid profit booking.
In the Asian session, at GMT0300, the pair is trading at 1740.60, with gold trading 0.07% higher against the USD from Friday’s close.
The pair is expected to find support at 1723.93, and a fall through could take it to the next support level of 1707.27. The pair is expected to find its first resistance at 1758.73, and a rise through could take it to the next resistance level of 1776.87.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
