As the gold breached the level 877, it now has to face another support at 864.00 before we end the downside battle around 846. Technical indicators are showing a greater possibility to the downside, yet the movement might not extend beyond the 864 as the momentum and the strength indicators are not showing any extension below that, it might gather some momentum today if the metal wants to continue to the downside targets.

The trading range is among the key support level at 864 and the key resistance level at 882.00.

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

Resistance872.30 875.30 877.00 881.60 883.02