Gold Movement
On Friday Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1607.18 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1581.25, 1.61% lower from Friday’s close.
Gold is expected to find support at 1568.52, and a fall through could take it to the next support level of 1555.78. Gold is expected to find its first resistance at 1602.07, and a rise through could take it to the next resistance level of 1622.88.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
