Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.99% against the USD and closed at USD1280.60 per ounce on Friday, as the US Dollar dipped against its peers following the release of disappointing US non-farm payrolls report.
In the Asian session, at GMT0300, the pair is trading at 1283, with the gold trading 0.19% higher from Friday’s close.
The pair is expected to find support at 1268.50, and a fall through could take it to the next support level of 1254.00. The pair is expected to find its first resistance at 1291.10, and a rise through could take it to the next resistance level of 1299.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
