Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.99% against the USD and closed at USD2042.00 per ounce on Friday, as the US dollar rebounded and following better-than-expected US jobs data.
In the Asian session, at GMT0300, the pair is trading at 2036.90, with gold trading 0.25% lower against the USD from Friday’s close.
The pair is expected to find support at 2013.77, and a fall through could take it to the next support level of 1990.63. The pair is expected to find its first resistance at 2071.07, and a rise through could take it to the next resistance level of 2105.23.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
