Gold Movement
Gold prices traded higher by 0.96% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,429.08 per ounce as investors continued to prefer it amid growing worries over the turmoil in the Middle East and North Africa.
In the Asian session at 4:00GMT, gold is trading at USD 1436.30 per ounce, 0.51% higher from 23:00GMT.
The pair is expected to find its first short term resistance at 1,444.30, with the next resistance at 1,452.31. The pair is expected to find support at 1,422.08 and subsequently at 1,407.87.
The pair is trading well above its 20 Hr and 50 Hr moving averages.
