Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.23% against the USD and closed at USD1256.20 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1259.40, with gold trading 0.25% higher against the USD from Friday’s close.
The pair is expected to find support at 1255.17, and a fall through could take it to the next support level of 1250.93. The pair is expected to find its first resistance at 1262.17, and a rise through could take it to the next resistance level of 1264.93.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
