Gold is moving slowly downwards, respecting the negative divergence which is appearing on the above four-hour chart. Further downside movements are expected for the rest of the day particularly if it succeeded to move freely below 972.00 zones. AROON up is still valued below 30.00 reviving our negative scenario.
The trading range for today is among the key support now at 948.00 and key resistance now at 1015.00.
The general trend is to the upside as far as 820.00 remains intact with targets at 1035.00 and 1060.00 .