A slight declined witnessed by the metal yesterday doesn't mean the end for the bullish wave. On the contrary, this is helping gold gather momentum and strength to reach farther upside targets. If the metal is able to build a solid base above the neckline at 904.80, it will head towards 940 as its next target at the very least.

The Trading range for today is between the key support at 904.80 and the key resistance at 951.60.

The general trend is to the upside as far as 730.00 remains intact; targets at 960.60 and 1016.00.

Resistance928.20 933.35 938.65 944.30 951.60