Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.25% against the USD and closed at USD1312.80 per ounce on Friday, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1311.70, with gold trading 0.08% lower against the USD from Friday’s close.
The pair is expected to find support at 1306.87, and a fall through could take it to the next support level of 1302.03. The pair is expected to find its first resistance at 1319.17, and a rise through could take it to the next resistance level of 1326.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
