Gold Movement
On Friday Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1285.70 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1291.54, 0.45% higher from Friday’s close.
Gold is expected to find support at 1274.55, and a fall through could take it to the next support level of 1257.57. Gold is expected to find its first resistance at 1301.86, and a rise through could take it to the next resistance level of 1312.19.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
