Gold Movement
On Friday, Gold prices traded lower by 0.08% against the USD in the period ending 21:00GMT, at 1184.40 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1192.30, with the gold trading 0.67% higher from Friday’s close.
The pair is expected to find support at 1174.76, and a fall through could take it to the next support level of 1157.23. The pair is expected to find its first resistance at 1202.36, and a rise through could take it to the next resistance level of 1212.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
