Gold yesterday rallied in the upside direction with high levels of volume to breach the major resistance level at 990.00 and hit a new year record at 991.80. Today gold is expected to move in the upside direction as well with new records.

The trading range for today will be between the key resistance at 1000.00 and the key support at 950.00.

The general trend is up as far as 810.00 remains intact targets now at 1000.00 and 1170.00.