High volatility in the markets accompanied by several attempts to incline have failed where the current trend for the metal is still to the downside. If our expectations are true and gold does depreciate, it could extend its losses towards 849.00 at the very least as far as we see no four hour closings above the 894.05 level on ths short term trend and the 887.10 level on the intraday basis.

The trading range for today is among the key support at 8300.80 and the key resistance at 944.65

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

Resistance879.20 887.10 890.55 894.05 908.10