As the yellow metal breached the key support for the downside channel, gold extended its downside fall where it now needs to stabilize before attempting to remain above the $900 level which is considered to be the thin line between the upside and downside channels. The metal could see a good demand points near the $874.50 level to give it enough strength to try the bullish movement once again.

The trading range for today is among the key support at 917.70 and the key resistance level at 862.35.

The general trend is to the upside as far as 730.00 remains intact; targets at 960.30 and 1016.00.

Resistance890.10 895.45 901.45 907.80 913.50