Gold Movement
On Friday, Gold prices traded lower by 0.73% against the USD in the period ending 21:00GMT, at 1217.10 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1213.70, with the gold trading 0.28% lower from Friday’s close.
The pair is expected to find support at 1205.27, and a fall through could take it to the next support level of 1196.83. The pair is expected to find its first resistance at 1225.67, and a rise through could take it to the next resistance level of 1237.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
