For the 24 hours to 23:00 GMT, Gold declined 1.47% against the USD and closed at USD1296.30 per ounce on Friday, amid broad strength in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1297.70, with gold trading 0.11% higher against the USD from Friday’s close.
The pair is expected to find support at 1287.67, and a fall through could take it to the next support level of 1277.63. The pair is expected to find its first resistance at 1311.37, and a rise through could take it to the next resistance level of 1325.03.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages .
