Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.59% against the USD and closed at USD1188.70 per ounce on Friday, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1191.90, with gold trading 0.27% higher against the USD from Friday’s close.
The pair is expected to find support at 1183.63, and a fall through could take it to the next support level of 1175.37. The pair is expected to find its first resistance at 1196.73, and a rise through could take it to the next resistance level of 1201.57.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
