Gold Movement
On Friday, Gold prices traded lower by 0.15% against the USD in the 24 hour period ending 24:00GMT, at 1711.26 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1715.05, 0.22% higher from Friday’s close.
Gold is expected to find support at 1704.34, and a fall through could take it to the next support level of 1693.62. Gold is expected to find its first resistance at 1722.31, and a rise through could take it to the next resistance level of 1729.57.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
