Gold progressed to the downside until 911.10 despite reaching the resistance level at 928.64 at early trading yesterday; and since gold is still trading above the key level at 910.00 today we expect a slight upside move in early trading to then reverse back to the downside wave once more.

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.

Resistance926.20 929.00 935.45 938.50 942.30


We expect selling Gold below 919.70 with targets at 900.00, stop loss above 930.00