Gold prices is still in a neutral area as it did not confirm any movement above 874.00 or below 845.00 yet the technical indicators today are pointing higher as the metal seems to be oversold and it gathered some momentum towards the upside.

The trading range is among the key support level at 845.00 and the key resistance level at 890.00.

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

Join the Discussion