Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.72% against the USD and closed at USD1349.6 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at USD1352 per ounce, with the gold trading 0.18% higher against the USD from Friday’s close, amid weakness in the US dollar.
The pair is expected to find support at 1344.73, and a fall through could take it to the next support level of 1337.47. The pair is expected to find its first resistance at 1361.83, and a rise through could take it to the next resistance level of 1371.67.
The yellow metal is trading below its 20 Hr and 50 Hr moving average.
