Gold Movement
On Friday, Gold prices traded higher by 0.26% against the USD in the period ending 21:00GMT, at 1091.90 per ounce, as the greenback weakened, after the US non-farm payrolls increased less than expected in July.
Separately, gold holdings in the SPDR Gold Trust remained unchanged at 667.93 tons, compared to its previous level of 670.62 tons.
In the Asian session, at GMT0300, the pair is trading at 1093.60, with the gold trading 0.16% higher from Friday’s close.
The pair is expected to find support at 1083.70, and a fall through could take it to the next support level of 1073.80. The pair is expected to find its first resistance at 1101.20, and a rise through could take it to the next resistance level of 1108.80.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
