Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1787.30 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1782.10, with gold trading 0.29% lower against the USD from Friday’s close.
The pair is expected to find support at 1778.20, and a fall through could take it to the next support level of 1774.30. The pair is expected to find its first resistance at 1787.40, and a rise through could take it to the next resistance level of 1792.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
