Gold Movement
On Friday, Gold prices traded higher by 0.06% against the USD in the 24 hour period ending 23:00GMT, at 1615.76 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1619.05, 0.20% higher from Friday’s close.
Gold is expected to find support at 1613.93, and a fall through could take it to the next support level of 1608.80. Gold is expected to find its first resistance at 1622.25, and a rise through could take it to the next resistance level of 1625.44.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
