For the 24 hours to 23:00 GMT, Gold rose 0.46% against the USD and closed at USD1332.80 per ounce on Friday, amid broad weakness in the US dollar.

In the Asian session, at GMT0400, the pair is trading at 1333.50, with gold trading 0.05% higher against the USD from Friday’s close.

The pair is expected to find support at 1326.33, and a fall through could take it to the next support level of 1319.17. The pair is expected to find its first resistance at 1338.13, and a rise through could take it to the next resistance level of 1342.77.

- advertisement -

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.