Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.1% against the USD and closed at USD1330.70 per ounce, amid a rally in US equity markets.
In the Asian session, at GMT0400, the pair is trading at 1338.50, with gold trading 0.59% higher against the USD from Friday’s close.
The pair is expected to find support at 1330.87, and a fall through could take it to the next support level of 1323.23. The pair is expected to find its first resistance at 1342.97, and a rise through could take it to the next resistance level of 1347.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
