The gold continued the downside wave ignited by profit taking as it is losing momentum, which was initiated around 903.55 resistance level; gold is building the base at 850.00 to set targets then at 915.85 resistance by today and then 923.70 if it manages to breach 903.00 today.

The trading range for today will be between the key resistance at 920.00 and the key support at 870.00.

The general trend is up as far as 715.00 remains intact targets now at 919.00 and 935.00.