Gold Movement
Gold prices traded higher by 0.38% against the USD in the 24 hour period ending 23:00GMT, at 1075.30 per ounce, amid a broad slump in global equity markets.
In the Asian session, at GMT0400, the pair is trading at 1075, with the gold trading marginally lower from Friday’s close.
The pair is expected to find support at 1064.77, and a fall through could take it to the next support level of 1054.53. The pair is expected to find its first resistance at 1082.17, and a rise through could take it to the next resistance level of 1089.33.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
