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 material has been provided by InstaForex Company - www.instaforex.com