Gold Movement
On Friday Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1770.95 per ounce, as the greenback weakened.
In the Asian session, at GMT0300, Gold is trading at 1773.7, 0.16% higher from Friday’s close.
Gold is expected to find support at 1767.07, and a fall through could take it to the next support level of 1760.43. Gold is expected to find its first resistance at 1779.17, and a rise through could take it to the next resistance level of 1784.63.
The yellow metal is trading just above its 20 Hr moving average and well above its 50 Hr moving average.
