Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.61% against the USD and closed at USD1402.00 per ounce on Friday, amid broad strength in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1400.10, with gold trading 0.14% lower against the USD from Friday’s close.
The pair is expected to find support at 1385.07, and a fall through could take it to the next support level of 1370.03. The pair is expected to find its first resistance at 1418.67, and a rise through could take it to the next resistance level of 1437.23.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
