Gold Movement
For the 24 hours to 23:00 GMT, Gold rose marginally against the USD and closed at USD1304.50 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 1292.50, with the gold trading 0.92% lower from Friday’s close.
The pair is expected to find support at 1285.30, and a fall through could take it to the next support level of 1278.10. The pair is expected to find its first resistance at 1304.00, and a rise through could take it to the next resistance level of 1315.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
