Gold Movement
Gold prices traded lower by 0.31% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,617.31 per ounce, amid a strong dollar.
In the Asian session, at GMT0400, Gold is trading at 1608.25, 0.56% lower from Friday’s close.
Gold is expected to find support at 1598.49, and a fall through could take it to the next support level of 1588.72. Gold is expected to find its first resistance at 1624.70, and a rise through could take it to the next resistance level of 1641.15.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
