Morning report

Gold is slowing down after it reached 962.00 areas which was our yesterday’s analysis target and that’s definitely expected as these resistance areas represent the decisive point before resuming the correctional wave (B) which is targeting 984.00 firstly followed by retesting the psychological levels of $1000.00 per ounce again. More incline is still in favor completing our suggested sequence as far as 916.00 remains intact in particular after the free move above Ichimoku spans.

The trading range for today is among the key support now at 907.00 and key resistance now at 1000.00.

The general trend is to the upside as far as 820.00 remains intact with targets at 1035.00 and 1060.00

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