Gold has respected our technical overview by breaching the trend line of the previous explained diagonal and as it stabilized for one complete day below the golden Fibonacci ratio of XA of the harmonic bearish pattern besides settling below TEMA value clearly so that we will keep our technical outlook to the downside today as far as 930.00 remains intact.

The trading range for today is among the key support now at 872.00 and key resistance now at 952.00 areas.

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

Resistance900.00 907.00 912.00 916.00 925.00


According to our analysis, we believe that it is good to sell gold with a four hour close below 893.00 with targets at 867.00 and stop loss with a four hour close above 908.00