Crown Forex – Technical Analysis for GOLD

The gold traded in the downside direction as it lacked momentum to hit the major support level at 891.50s, then it gathered enough levels of momentum to lead the gold up again; this move could be a sign to let the gold progress in the upside direction. The trading range for today will be between the key resistance at 915.00 and the key support at 870.00. The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000. The gold traded in the downside direction as it lacked momentum to hit the major support level at 891.50s, then it gathered enough levels of momentum to lead the gold up again; this move could be a sign to let the gold progress in the upside direction. The trading range for today will be between the key resistance at 915.00 and the key support at 870.00. The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000.