Gold Movement
On Friday Gold prices traded higher by 1.29% against the USD in the period ending 21:00GMT, at 1318.13 per ounce, amid a broad decline in the US Dollar.
In the Asian session, at GMT0400, Gold is trading at 1326.03, 0.60% higher from Friday’s close.
Gold is expected to find support at 1309.97, and a fall through could take it to the next support level of 1293.92. Gold is expected to find its first resistance at 1336.05, and a rise through could take it to the next resistance level of 1346.08.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
