Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.08% against the USD and closed at USD1191.90 per ounce on Friday, amid weakness in global equities.
In the Asian session, at GMT0400, the pair is trading at 1196.10, with the gold trading 0.35% higher from Friday’s close.
The pair is expected to find support at 1186.50, and a fall through could take it to the next support level of 1176.90. The pair is expected to find its first resistance at 1201.80, and a rise through could take it to the next resistance level of 1207.50.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
