Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.27% against the USD and closed at USD1207.4 per ounce on Friday, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1199.60, with gold trading 0.65% lower against the USD from Friday’s close.
The pair is expected to find support at 1195.67, and a fall through could take it to the next support level of 1191.73. The pair is expected to find its first resistance at 1206.67, and a rise through could take it to the next resistance level of 1213.73.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
