Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1205.40 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1204.90, with gold trading slightly lower against the USD from Friday’s close.
The pair is expected to find support at 1199.10, and a fall through could take it to the next support level of 1193.30. The pair is expected to find its first resistance at 1212.80, and a rise through could take it to the next resistance level of 1220.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
