Gold Movement
Gold prices traded higher by 1.07% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1736.07 per ounce, amid a weak US dollar.
In the Asian session, at GMT0400, Gold is trading at 1734.29, 0.10% lower from Friday’s close.
Gold is expected to find support at 1719.11, and a fall through could take it to the next support level of 1703.93. Gold is expected to find its first resistance at 1744.80, and a rise through could take it to the next resistance level of 1755.31.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
