Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.2% against the USD and closed at USD1330.1 per ounce, amid a broad strength in the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1324.9, with the gold trading 0.39% lower from Friday’s close.
The pair is expected to find support at 1318.3, and a fall through could take it to the next support level of 1311.7. The pair is expected to find its first resistance at 1334.4, and a rise through could take it to the next resistance level of 1343.9.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
