Gold Movement
Gold prices traded lower by 0.30% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1773.65 per ounce, after investors booked profit.
In the Asian session, at GMT0400, Gold is trading at 1775.94, 0.13% higher from Friday’s close.
Gold is expected to find support at 1770.03, and a fall through could take it to the next support level of 1764.11. Gold is expected to find its first resistance at 1782.42, and a rise through could take it to the next resistance level of 1788.90.
The yellow metal is trading just below its 20 Hr and 50 Hr moving averages.
