Gold Movement
On Friday Gold prices traded higher by 0.26% against the USD in the period ending 21:00GMT, at 1267.42 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1271.87, 0.35% higher from yesterday’s close.
Gold is expected to find support at 1259.35, and a fall through could take it to the next support level of 1246.84. Gold is expected to find its first resistance at 1281.99, and a rise through could take it to the next resistance level of 1292.12.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
