Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.58% against the USD and closed at USD1495.40 per ounce on Friday, amid upbeat US economic data.
In the Asian session, at GMT0300, the pair is trading at 1511.40, with gold trading 1.07% higher against the USD from Friday’s close.
The pair is expected to find support at 1496.43, and a fall through could take it to the next support level of 1481.47. The pair is expected to find its first resistance at 1523.03, and a rise through could take it to the next resistance level of 1534.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
