Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.68% against the USD and closed at USD1344.2 per ounce, as robust US jobs report dented the demand for the safe-haven yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1341.8, with the gold trading 0.18% lower from Friday’s close.
The pair is expected to find support at 1329.87, and a fall through could take it to the next support level of 1317.93. The pair is expected to find its first resistance at 1362.37, and a rise through could take it to the next resistance level of 1382.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
