Gold continued to trade near the key support for the ascending channel between 810.00 and 815.00 as it attempted to breach it several times yet failed to maintain levels below it resulting in trading to be within the upside channel once agin targeting the 869.60 level. However, note that the broken minor support level at 825.00 and momentum indicators showing the metal being overbought, could limit gains for gold to currently retest the ascending channel.

The trading range for today is among the key support at 762.30 and the key resistance at 869.60

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

Resistance828.80 839.50 846.80 857.50 869.60