Gold Movement
On Friday, Gold prices traded higher by 0.29% against the USD in the 24 hour period ending 23:00GMT, at 1572.26 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1573.38, 0.07% higher from Friday’s close.
Gold is expected to find support at 1562.23, and a fall through could take it to the next support level of 1551.08. Gold is expected to find its first resistance at 1580.63, and a rise through could take it to the next resistance level of 1587.87.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
