Gold Movement
On Friday, Gold prices traded higher by 0.53% against the USD in the period ending 21:00GMT, at 1311.75 per ounce, bouncing back from the previous session losses as the dollar weakened after the highly awaited US employment data failed to match investor expectations.
In the Asian session, at GMT0300, Gold is trading at 1316.34, 0.35% higher from Friday’s close.
Gold is expected to find support at 1293.56, and a fall through could take it to the next support level of 1270.78. Gold is expected to find its first resistance at 1328.86, and a rise through could take it to the next resistance level of 1341.38.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
