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After a short consolidation period gold is on the move higher again towards the resistance-line near 1,870 and a break above here will call for a continuation higher to key-resistance at 1,959 and then resistance at 2,075 as the next upside target on the way towards 2,705.
Support is now seen at 1,799.50 and only a break below here will call for a retest of support at 1,755 before renewed upside pressure towards 1,959.
Trading recommendation:
Buy gold and place you stop at 1,770
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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