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Gold has remained near previous levels, as it failed to pass the resistance of the 1,515.00 level on Friday. The failure was attributed to the release of US Employment data on Friday, which strengthened the US Dollar.
During Monday's Asian trading session, the USD/JPY tested the resistance of the 55-hour simple moving average, which had held the rate down since Friday.
On Monday morning, the GBP/USD declined below the simple weekly pivot point and the three hourly simple moving averages, which are used by Dukascopy Analytics.
On Monday morning, the EUR/USD broke the lower trend line of the ascending wedge pattern, which guided it last week. However, the event does not necessarily signal a decline.
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