Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.15% against the USD and closed at 1117, after US economy lost some momentum in the final quarter of 2015, amid global weakness and financial market turmoil.
In the Asian session, at GMT0400, the pair is trading at 1122.1, with the gold trading 0.46% higher from Friday’s close.
The pair is expected to find support at 1112.90, and a fall through could take it to the next support level of 1103.70. The pair is expected to find its first resistance at 1126.90, and a rise through could take it to the next resistance level of 1131.70.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
