Gold almost finished shaping a very close head and shoulder on the daily chart and should expand in an ascending channel that it had formed in the last four days, and might extend for a while till the shiny metal reaches above 930$ per ounce.

The trading range is among the key support level at 865.00 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.

Resistance885.20 889.10 890.50 893.20 900.00


Buy Gold above 879.00 with a target at 890.50 and a stop loss below 865.80