Gold Movement
On Friday. Gold prices traded marginally lower against the USD in the 24 hour period ending 24:00GMT, at 1695.45 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1691.69, 0.22% lower from Friday’s close.
Gold is expected to find support at 1686.94, and a fall through could take it to the next support level of 1682.20. Gold is expected to find its first resistance at 1698.54, and a rise through could take it to the next resistance level of 1705.39.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
