Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.48% against the USD and closed at USD1297.6 per ounce, after upbeat US jobs data boosted the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1297.1, with gold trading slightly lower against the USD from Friday’s close.
The pair is expected to find support at 1292.03, and a fall through could take it to the next support level of 1286.97. The pair is expected to find its first resistance at 1303.23, and a rise through could take it to the next resistance level of 1309.37.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
