Gold Movement
On Friday, Gold prices traded lower by 0.78% against the USD in the period ending 21:00GMT, at 1303.80 per ounce, on the back of strong economic releases from the US.
In the Asian session, at GMT0300, Gold is trading at 1300.9, 0.22% lower from Friday’s close.
Gold is expected to find support at 1290.43, and a fall through could take it to the next support level of 1279.97. Gold is expected to find its first resistance at 1313.93, and a rise through could take it to the next resistance level of 1326.97.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
