Gold is trading around in a sideways move without an aggressive move to confirm the breaching of 61.8% Fibonacci after its failure to reach the extension target of the retrace from the lower line of the channel at 868.00 levels, that represent 76.4% Fibonacci several times but its showing some kind of upside momentum as appearing on the chart forming an upside pattern supported by the stability above the Ichimoku indicator's cloud.

The trading range for today is among the key support at 835.00 and key resistance now at 884.00 areas.

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

Resistance857.00 865.00 872.00 884.00 900.00


Buy gold above with 4 hour close above 859 with targets at 870, stop loss with 4 hour close below 847.00