Gold Movement
On Friday, Gold prices traded lower by 0.45% against the USD in the period ending 21:00GMT, at 1170.90 per ounce, as a stronger than expected US non-farm payroll-figure in May dented the demand for the safe-haven yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1173.6, with the gold trading 0.23% higher from Friday’s close.
The pair is expected to find support at 1164.46, and a fall through could take it to the next support level of 1155.33. The pair is expected to find its first resistance at 1180.36, and a rise through could take it to the next resistance level of 1187.13.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
