Gold obtained some kind of support around 893.00 areas which pushed it technically to stabilize above (23.6%) Fibonacci 900.00 psychological levels again and as shown on the hourly chart, gold is forming a bullish pattern above ALLIGATOR and TEMA value which is valued at 901.00 areas so that as far as 896.00 levels remains intact, further upside correction is highly anticipated to retest 907.00 and may extend the retesting action to 912.00 levels.

The trading range for today is among the key support now at 856.00 and key resistance now at 945.00 areas.

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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