Gold Movement
On Friday, Gold prices traded lower by 2.06% against the USD in the period ending 21:00GMT, at 1223.20 per ounce, after better-than-expected jobs data in the US dampened safe haven appeal of the metal.
In the Asian session, at GMT0300, Gold is trading at 1220.15, 0.25% lower from Friday’s close.
Gold is expected to find support at 1203.90, and a fall through could take it to the next support level of 1187.66. Gold is expected to find its first resistance at 1241.07, and a rise through could take it to the next resistance level of 1262.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving average.
