Gold Movement
For the 24 hours to 23:00 GMT, Gold traded flat against the USD and closed at USD1256.20 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1254.60, with the gold trading 0.13% lower against the USD from Friday’s close.
The pair is expected to find support at 1251.67, and a fall through could take it to the next support level of 1248.73. The pair is expected to find its first resistance at 1258.07, and a rise through could take it to the next resistance level of 1261.53.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
