Gold dropped down last Friday in a very quiet bearish pattern after it traded around the main resistance level at 860 Dollar as the day's high. However, it managed to reverse back to the downside narrowing the upside channel which in return affected the technical indicators to slightly reflect the downside today.

The trading range for today will be between the key resistance at 875.00 and the key support at 640.00.

The general trend is up as far as 725.00 remains intact targets now at 885.00 and 935.00.


Resistance861.30 866.70 869.80 874.00 876.00