The shiny metal is at the bottom of the ascending channel, which might give us a great opportunity to buy it, yet technical indicators are showing that the momentum is not enough to generate such a movement. We have to wait to see a stronger motive for it to complete the move, yet the level 876.70 has to remain intact in order to stay in the safe side in our bullish scenario.

The trading range is among the key support level at 874.00 and the key resistance level at 911.00.

The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.

Resistance882.00 885.60 889.50 891.50 895.60


Buy Gold above 877.50 with a target at 885.50 and a stop loss below 874.00