Gold Movement
On Friday Gold prices traded lower by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1781.10 per ounce, as profit booking prevailed among investors.
In the Asian session, at GMT0300, Gold is trading at 1771.51, 0.54% lower from Friday’s close.
Gold is expected to find support at 1760.37, and a fall through could take it to the next support level of 1749.23. Gold is expected to find its first resistance at 1789.01, and a rise through could take it to the next resistance level of 1806.51.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
