Gold reversed back to the upside ignoring the technical direction studies to set the high at the major level around 795.00 by which it caused important adjustments in the technical pattern to reflect the upside potential for today.

The trading range for today will be between the key resistance at 820.00 and the key support at 770.00.

The general trend is up as far as 715.00 remains intact targets now at 857.00 and 919.00.



Resistance797.80 801.35 804.70 808.20 812.75


We expect buying gold above 791.00 with a target at 805.50, stop loss below 783.70.