Gold Movement
Gold prices traded lower by 0.74% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,531.50 per ounce, as the greenback strengthened.
In the Asian session at 3:00GMT, gold is trading at USD 1,531.60 per ounce, flat from Friday’s close at 23:00GMT.
The pair is expected to find its first short term resistance at 1,542.20, with the next resistance at 1,552.80. The pair is expected to find support at 1,523.35 and subsequently at 1,515.10.
The pair is trading just below its 20 Hr and its 50 Hr moving averages.
