Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1288.80 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 1291.40, with gold trading 0.20% higher against the USD from Friday’s close.
The pair is expected to find support at 1287.17, and a fall through could take it to the next support level of 1282.93. The pair is expected to find its first resistance at 1295.67, and a rise through could take it to the next resistance level of 1299.93.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
