The shiny metal moved yesterday as it was supposed to come up from lows around 870 and targeting 905 in a short term reversal pattern, while the best support now lies at 878$, and the short term target is at 905 then 913, and the technical indicators are adjusting for that upside movement.

The trading range is among the key support level at 878 and the key resistance level at 913.00.

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

Resistance895.00 898.20 901.00 905.10 908.40


Buy Gold above 889 with a target at 905 and a stop loss below 880.