The gold rallied in an upside direction to reach to the upper resistance level around the significant area of 840.00; on the other hand, the technical oscillators indicated that the gold confirmed the upside trend ounce again after it took rest from the correction movement that occurred last couple of weeks.

The trading range for today will be between the key resistance at 865.00 and the key support at 820.00.

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

Resistance842.40 844.20 847.00 849.65 851.80


We expect buying gold above 839.70 with a target at 853.00, stop loss below 833.00