Gold is now targetting $940 per ounce as long as it remains above the $900 per ounce psychological barrier. On the short term, we will see volatililty in trading as the metal enters an over-bought area yet in the medium term it is in an over-sold area.

The Trading range for today is between the key support at 888.00 and the key resistance at 933.35.

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

Resistance920.30 923.15 928.40 933.35 940.00