Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.44% against the USD and closed at USD1319.30 per ounce on Friday, amid strength in global equities.
In the Asian session, at GMT0300, the pair is trading at 1318.90, with the gold trading marginally lower from Friday’s close.
The pair is expected to find support at 1312.77, and a fall through could take it to the next support level of 1306.63. The pair is expected to find its first resistance at 1328.27, and a rise through could take it to the next resistance level of 1337.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
