Gold Movement
On Friday, Gold prices traded lower by 0.08% against the USD in the period ending 21:00GMT, at 1311.70 per ounce as safe haven appeal of the yellow metal diminished after reports came in that Russia has ended its military campaign on the Ukrainian border.
In the Asian session, at GMT0300, Gold is trading at 1307.4, 0.33% lower from Friday’s close.
Gold is expected to find support at 1300.63, and a fall through could take it to the next support level of 1293.87. Gold is expected to find its first resistance at 1319.23, and a rise through could take it to the next resistance level of 1331.07.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
