Gold Movement
On Friday Gold prices traded lower by 1.87% against the USD in the period ending 21:00GMT, at 1359.15 per ounce, as the greenback strengthened following an upbeat US consumer sentiment data.
In the Asian session, at GMT0300, Gold is trading at 1347.01, 0.89% lower from Friday’s close.
Gold is expected to find support at 1327.69, and a fall through could take it to the next support level of 1308.37. Gold is expected to find its first resistance at 1377.49, and a rise through could take it to the next resistance level of 1407.97.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
