Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.21% against the USD and closed at USD1334.60 per ounce on Friday, as upbeat US jobs report led to a broad strength in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1333.20, with gold trading 0.1% lower against the USD from Friday’s close.
The pair is expected to find support at 1324.73, and a fall through could take it to the next support level of 1316.27. The pair is expected to find its first resistance at 1347.03, and a rise through could take it to the next resistance level of 1360.87.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
