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Will gold settle for the 930 levels without setting the 61.8% correction at 935.30? That is to be confirmed if trading was seen with daily closing below 764.40; while if the closing was not seen we expect a positive comeback for the metal, today we expect an upside correction over intraday basis as far as no steady trading was seen below 764.40.
The trading range is among the key resistance level at 835.75 and the key support level at 721.10.
The general trend is to the downside as far as 934.00 remains intact, target set at 649.20 and 615.60.
| Support | 764.40 | 758.40 | 755.50 | 743.65 | 734.20 |
| Resistance | 775.25 | 781.10 | 783.20 | 792.35 | 800.10 |
Recommendation | ... | ||||
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