Gold Movement
On Friday, Gold prices traded higher by 1.13% against the USD in the 24 hour period ending 23:00GMT, at 1662.55 per ounce, following drop in the greenback.
In the Asian session, at GMT0300, Gold is trading at 1664.41, 0.11% higher from Friday’s close.
Gold is expected to find support at 1647.91, and a fall through could take it to the next support level of 1631.42. Gold is expected to find its first resistance at 1675.25, and a rise through could take it to the next resistance level of 1686.10 .
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
