Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at USD1269.90 per ounce on Friday, amid strength in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at USD1269.90 per ounce, with Gold trading flat from Friday’s close.
The pair is expected to find support at 1263.46, and a fall through could take it to the next support level of 1257.03. The pair is expected to find its first resistance at 1278.76, and a rise through could take it to the next resistance level of 1287.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
