Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.83% against the USD and closed at USD1282.10 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1282.30, with gold trading slightly higher against the USD from Friday’s close.
The pair is expected to find support at 1271.40, and a fall through could take it to the next support level of 1260.50. The pair is expected to find its first resistance at 1299.70, and a rise through could take it to the next resistance level of 1317.10.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
