A successful close above the $932.50 on the daily chart caused a positive trend allowing the metal to target the $983 per ounce level. We must see more closing above this level in order to maintain the upside trend. In the short term, it will remain fluctuating as gold has entered an over-bought area.
The Trading range for today is between the key support at 914.50 and the key resistance at 953.40.
The general trend is to the downside as far as 730.00 remains intact; targets at 983.00 and 1016.00.