Gold Movement
On Friday, Gold prices traded lower by 0.25% against the USD in the period ending 21:00GMT, at 1167.80 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1167.20, with the gold trading marginally lower from Friday’s close.
The pair is expected to find support at 1163.33, and a fall through could take it to the next support level of 1159.46. The pair is expected to find its first resistance at 1172.73, and a rise through could take it to the next resistance level of 1178.26.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
