Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.89% against the USD and closed at USD1280.30 per ounce on Friday, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1277.30, with the gold trading 0.23% lower against the USD from Friday’s close.
The pair is expected to find support at 1272.73, and a fall through could take it to the next support level of 1268.17. The pair is expected to find its first resistance at 1284.63, and a rise through could take it to the next resistance level of 1291.97.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
