Gold over the last week declined in a major move with high levels of volume after gold breached the major support level at 869.00 to drag gold down until the key support level as low as 859.60s. Today we expect gold to continue in the downside direction.

The trading range for today will be between the key resistance at 960.00 and the key support at 900.00.

The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000.



Resistance912.65 915.00 917.40 919.50 922.15


We expect buying gold above 908.40 with a target at 918.20, stop loss below 904.00.