Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1344.70 per ounce on Friday, amid weakness in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1334.10, with gold trading 0.79% lower against the USD from Friday’s close.
The pair is expected to find support at 1326.97, and a fall through could take it to the next support level of 1319.83. The pair is expected to find its first resistance at 1346.97, and a rise through could take it to the next resistance level of 1359.83.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
