The gold rallied to the upside reaching the upper band of the consolidation area, on the other hand the technical oscillators indicated that the gold could breach the mentioned band to set the targets at 830.00 for the week ahead.

The trading range for today will be between the key resistance at 825.00 and the key support at 795.00.

The general trend is up as far as 725.00 remains intact targets now at 850.00 and 885.00.


Resistance812.40 814.20 817.00 819.65 821.80


We expect buying gold above 809.70 with a target at 819.00, stop loss below 804.00