Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.73% against the USD and closed at USD1324.80 per ounce on Friday, amid broad weakness in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1327.90, with gold trading 0.23% higher against the USD from Friday’s close.
The pair is expected to find support at 1318.97, and a fall through could take it to the next support level of 1310.03. The pair is expected to find its first resistance at 1332.67, and a rise through could take it to the next resistance level of 1337.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
