Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.50% against the USD and closed at USD1657.20 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1650.40, with gold trading 0.41% lower against the USD from Friday’s close.
The pair is expected to find support at 1632.03, and a fall through could take it to the next support level of 1613.67. The pair is expected to find its first resistance at 1667.43, and a rise through could take it to the next resistance level of 1684.47.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
