Gold Movement
Gold prices traded lower by 1.19% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1656.09 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1651.05, 0.30% lower from Friday’s close.
Gold is expected to find support at 1640.95, and a fall through could take it to the next support level of 1630.86. Gold is expected to find its first resistance at 1669.58, and a rise through could take it to the next resistance level of 1688.11.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
