Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.28% against the USD and closed at USD1321.90 per ounce on Friday, amid strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1317.90, with gold trading 0.30% lower against the USD from Friday’s close.
The pair is expected to find support at 1314.33, and a fall through could take it to the next support level of 1310.77. The pair is expected to find its first resistance at 1324.83, and a rise through could take it to the next resistance level of 1331.77.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
