Gold Movement
On Friday, Gold prices traded higher by 0.33% against the USD in the period ending 21:00GMT, at 1162.10 per ounce, as the greenback struggled against its major peers.
In the Asian session, at GMT0300, the pair is trading at 1160.70, with the gold trading 0.12% lower from Friday’s close.
The pair is expected to find support at 1157.03, and a fall through could take it to the next support level of 1153.36. The pair is expected to find its first resistance at 1164.43, and a rise through could take it to the next resistance level of 1168.16.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
