Gold is still trading below the key support that has shifted today to 747.15 and 754.50 and the critical leve at 777.50. Despite the sideways trend on the short run continues, we expect to see a decline soon in another attempt to reach levels below the 700 mark.

The trading range for today is among the key support at 678.25 and the key resistance at 783.20.

The general trend is to the downside as far as 934.00 remains intact with targets at 649.20 and 615.60.