Gold Movement
On Friday Gold prices traded higher by 0.26% against the USD in the 24 hour period ending 24:00GMT, at 1581.40 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1583.20, 0.11% higher from Friday’s close.
Gold is expected to find support at 1573.07, and a fall through could take it to the next support level of 1562.95. Gold is expected to find its first resistance at 1590.33, and a rise through could take it to the next resistance level of 1597.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
