Gold Movement
On Friday Gold prices traded higher by 0.87% against the USD in the period ending 21:00GMT, at 1296.10 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1314.45, 1.42% higher from Monday’s close.
Gold is expected to find support at 1293.60, and a fall through could take it to the next support level of 1272.76. Gold is expected to find its first resistance at 1327.64, and a rise through could take it to the next resistance level of 1340.84.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
