Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1239.10 per ounce on Friday.
In the Asian session, at GMT0400, the pair is trading at 1234.90, with the gold trading 0.34% lower from Friday’s close.
The pair is expected to find support at 1229.83, and a fall through could take it to the next support level of 1224.77. The pair is expected to find its first resistance at 1242.53, and a rise through could take it to the next resistance level of 1250.17.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
