Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.26% against the USD and closed at USD1196.90 per ounce on Friday, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1203.00, with the gold trading 0.51% higher from Friday’s close.
The pair is expected to find support at 1192.23, and a fall through could take it to the next support level of 1181.47. The pair is expected to find its first resistance at 1209.03, and a rise through could take it to the next resistance level of 1215.07.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
