Gold Movement
For the 24 hours to 23:00 GMT, Gold declined marginally against the USD and closed at USD1219.00 per ounce on Friday, amid strength in greenback.
In the Asian session, at GMT0300, the pair is trading at 1216.00, with gold trading 0.25% lower against the USD from Friday’s close.
The pair is expected to find support at 1211.10, and a fall through could take it to the next support level of 1206.20. The pair is expected to find its first resistance at 1222.90, and a rise through could take it to the next resistance level of 1229.80.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
