The shiny metal completed a full correction to the 857 yesterday and now supposedly it will start climbing up again and the first target will be around 881.00. Gold might enter a range between 870 and 920 for a while, before it can break to any of the directions, and until that happens we can not initiate any new targets for the metal.
The trading range is among the key support level at 855 and the key resistance level at 889.00.
The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.
|Buy Gold above 868 with a target at 881 and a stop loss below 863.|