Gold prices is moving in a very steep ascending channel, and the targets now are at 945-950 and we can initiate a medium term target above 1300 $ per ounce. Gold is building a great base above 907 where consolidation below the mentioned level is unlikely.

The trading range is among the key support level at 907.00 and the key resistance level at 945.00.

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

Resistance935.60 937.90 942.10 945.00 948.75