Gold yesterday neared the key support around 814 where it is now testing the breached support level for the minor ascending channel at 828.80. Momentum indicators show the metal near an overbought area which may keep the support breached which has now become a resistance.

The trading range for today is among the key support at 810.00 and the key resistance at 871.00

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

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