Gold fell to the downside last week with a massive bearish wave with strong negative momentum after it failed to breach the key resistance level at 947.15 reaching to the key support level at 905.00; for that the gold today is expected to continue the downside wave as the technical indicators reflect.

The trading range for today might be among the key resistance level at 945.00 and the key support at 900.00.

The general trend is to the upside as far as 810.00 remains intact, targets now are at 1080.00 and 1170.00

Join the Discussion