Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.29% against the USD and closed at USD1318.00 per ounce on Friday, amid weakness in global equities.
In the Asian session, at GMT0400, the pair is trading at 1315.40, with gold trading 0.20% lower against the USD from Friday’s close.
The pair is expected to find support at 1311.43, and a fall through could take it to the next support level of 1307.47. The pair is expected to find its first resistance at 1319.43, and a rise through could take it to the next resistance level of 1323.47.
The yellow metal is trading in between its 20 Hr and 50 Hr moving averages.
