Gold Movement
On Friday Gold prices traded higher by 0.92% against the USD in the period ending 21:00GMT, at 1376.87 per ounce, as greenback fell on disappointing US consumer sentiment data, denting hopes for a speedy economic recovery.
In the Asian session, at GMT0300, Gold is trading at 1382.28, 0.39% higher from Friday’s close.
Gold is expected to find support at 1365.20, and a fall through could take it to the next support level of 1348.11. Gold is expected to find its first resistance at 1391.96, and a rise through could take it to the next resistance level of 1401.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
