Gold is still trapped in the same tight range, below the pivotal resistance level of 952.000. Therefore, we keep our outlook unchanged, based on the daily [head & shoulders top] pattern. A price explosion to the downside may occur, once the metal penetrates 939.00 areas.

The trading range for today is among the key support now at 912.00 and key resistance now at 971.00.

The general trend is to the upside as far as 820.00 remains intact with targets at 1035.00 and 1060.00.