Gold Movement
On Friday Gold prices traded higher by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1620.30 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1624.5, 0.26% higher from Friday’s close.
Gold is expected to find support at 1611.73, and a fall through could take it to the next support level of 1598.95. Gold is expected to find its first resistance at 1631.79, and a rise through could take it to the next resistance level of 1639.07.
The yellow metal is trading above its 20 Hr and its 50 Hr moving average.
