Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.11% against the USD and closed at USD1464.90 per ounce on Friday, as the US dollar strengthened, following stronger-than-expected US jobs data.
In the Asian session, at GMT0400, the pair is trading at 1464.20, with gold trading 0.05% lower against the USD from Friday’s close.
The pair is expected to find support at 1456.57, and a fall through could take it to the next support level of 1448.93. The pair is expected to find its first resistance at 1478.57, and a rise through could take it to the next resistance level of 1492.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
