Gold Movement
On Friday Gold prices traded higher by 1.49% against the USD in the period ending 21:00GMT, at 1246.28 per ounce, following dismal US employment data.
In the Asian session, at GMT0400, Gold is trading at 1250.02, 0.30% higher from Friday’s close.
Gold is expected to find support at 1233.16, and a fall through could take it to the next support level of 1216.31. Gold is expected to find its first resistance at 1261.16, and a rise through could take it to the next resistance level of 1272.31.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
