Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1294.40 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1291.10, with gold trading 0.25% lower against the USD from Friday’s close.
The pair is expected to find support at 1287.57, and a fall through could take it to the next support level of 1284.03. The pair is expected to find its first resistance at 1296.87, and a rise through could take it to the next resistance level of 1302.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
