Gold Movement
On Friday, Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1314.40 per ounce, amid signs of improvement in the Chinese economy.
In the Asian session, at GMT0300, Gold is trading at 1330.02, 1.19% higher from Friday’s close.
Gold is expected to find support at 1312.15, and a fall through could take it to the next support level of 1294.29. Gold is expected to find its first resistance at 1340.91, and a rise through could take it to the next resistance level of 1351.81.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
