Gold Movement
On Friday Gold prices traded lower by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1773.07 per ounce, as the greenback strengthened.
In the Asian session, at GMT0300, Gold is trading at 1764.32, 0.49% lower from Friday’s close.
Gold is expected to find support at 1757.47, and a fall through could take it to the next support level of 1750.61. Gold is expected to find its first resistance at 1777.26, and a rise through could take it to the next resistance level of 1790.20.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
