On Friday, gold prices plunged 3.11% against the dollar for the period ending 2100 GMT, to $ 1,325.63 per ounce after the St. Louis Federal Reserve President James Bullard highlighted the possibility that the slightly conical Fed asset purchases $ 85 billion a month on your next policy meeting in October program.

During the Asian session, at GMT0300, gold is trading at 1321.73, up 0.29% on Friday's close.

Gold is expected to find support at 1301.37, and a fall through could take it to the next support level of 1281.01. Or should find its first resistance at 1354.41, and the average increase would take the next resistance level of 1387.09.

The yellow metal is trading below its 20 h and 50 h moving averages.

Credit (GCI Financial)


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