As gold is still closing and opening above the major ascending trend line the movement is still to the upside despite its slow pace. Technical indicators are supporting this view but with a medium power to achieve upside targets, which lies always above 891 and 905 as the first two steps before making any new high targets.

The trading range is among the key support level at 872 and the key resistance level at 890.00.

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

Resistance881.20 883.50 886.40 889.10 891.30


Buy Gold above 878 with a target at 887 and a stop loss below 87450.