Gold Movement
On Friday Gold prices traded higher by 0.28% against the USD in the period ending 21:00GMT, at 1214.32 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1210.22, 0.34% lower from Friday’s close.
Gold is expected to find support at 1206.89, and a fall through could take it to the next support level of 1203.57. Gold is expected to find its first resistance at 1216.41, and a rise through could take it to the next resistance level of 1222.61.
The yellow metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
