Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.2% against the USD and closed at 1364.8. However, gains in the yellow metal were kept in check after better-than-expected US jobs data.
In the Asian session, at GMT0300, gold is trading at 1370.70, 0.43% higher from Friday’s close.
The pair is expected to find support at 1347.07, and a fall through could take it to the next support level of 1323.43. The pair is expected to find its first resistance at 1383.57, and a rise through could take it to the next resistance level of 1396.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
