Gold Movement
On Friday, Gold prices traded lower by 1.10% against the USD for the period ending 21:00GMT, at 1273.09 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1271.53, 0.12% lower from Friday’s close.
Gold is expected to find support at 1256.37, and a fall through could take it to the next support level of 1241.20. Gold is expected to find its first resistance at 1290.93, and a rise through could take it to the next resistance level of 1310.32.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
