Drifts lower on abating worries over Egypt

Gold

Gold Movement

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT on Friday, at 1,357.15 per ounce.

In the Asian session at 4:00GMT, gold is trading at USD 1,357.93 per ounce, 0.06% higher from 23:00GMT.

The pair is expected to find its first short term resistance at 1,366.15, with the next resistance at 1,374.36. The pair is expected to find support at 1,352.02 and subsequently at 1,346.10.

The pair is trading below its 20 Hr and 50 Hr moving averages.

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