Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.25% against the USD and closed at USD1338.90 per ounce on Friday, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1341.40, with gold trading 0.19% higher against the USD from Friday’s close.
The pair is expected to find support at 1327.33, and a fall through could take it to the next support level of 1313.27. The pair is expected to find its first resistance at 1348.93, and a rise through could take it to the next resistance level of 1356.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
