Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.09% against the USD and closed at USD1201.90 per ounce on Friday, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1206.10, with the gold trading 0.35% higher from Friday’s close.
The pair is expected to find support at 1198.13, and a fall through could take it to the next support level of 1190.17. The pair is expected to find its first resistance at 1210.43, and a rise through could take it to the next resistance level of 1214.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
