The gold was able to reach 1032.25 after breaching major resistance levels which was in tandem reaction to the Fed's decision to cut the discount rate by a quarter percentage point. As for the rest of the day the gold is expected to move positively with the support level at 1003.90 intact, to extend the upside wave till 1049.20 and then 1057.98 within the upcoming days.

Today's trading range will be between the major resistance level at 1057.98 and the major support level at 998.25.

The general trend remains to the upside as long as 810.00 remains intact targets now are at 1080.00 and 1170.00.

Resistance1033.90 1040.55 1043.10 1049.70 1057.98