Midday Report

When we add the bearish candlestick formation, which appears obviously on the subsidiary image to the technical factors that we mentioned this morning, we will find that 61.8% Fibonacci level is gaining further strength and that is why we hold onto our morning predictions for the rest of the day.

The trading range for today is among the key support at 1203.00 and key resistance now at 1244.00.

The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.

Morning Report

Weekly Report

RecommendationOur morning expectations remain valid.