Gold Movement
On Friday Gold prices traded higher by 0.78% against the USD in the period ending 21:00GMT, at 1403.85 per ounce, following a rise in demand for physical gold.
In the Asian session, at GMT0300, Gold is trading at 1422.35, 1.32% higher from Friday’s close.
Gold is expected to find support at 1400.85, and a fall through could take it to the next support level of 1379.35. Gold is expected to find its first resistance at 1434.95, and a rise through could take it to the next resistance level of 1447.55.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
