Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.08% against the USD and closed at USD1413.00 per ounce on Friday, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1394.30, with gold trading 1.32% lower against the USD from Friday’s close.
The pair is expected to find support at 1382.83, and a fall through could take it to the next support level of 1371.37. The pair is expected to find its first resistance at 1416.13, and a rise through could take it to the next resistance level of 1437.97.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
