Gold Movement
On Friday Gold prices traded higher by 0.16 % against the USD in the period ending 21:00GMT, at 1295.27 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1296.30, 0.08% higher from Friday’s close.
Gold is expected to find support at 1288.34, and a fall through could take it to the next support level of 1280.38. Gold is expected to find its first resistance at 1301.64, and a rise through could take it to the next resistance level of 1306.98.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
