Gold sustained the global rally on China demand to hit the target of 3780 today.
Gold sustained the global rally on China demand to hit the target of 3780 today.
As we see over the Intraday chart, a question overshadows the market whether Gold has the momentum to resume an advance towards 3820, or if the prices need a correction before resuming the advance.
Intraday supports start from 3778 and 3755-60, where as long as the market holds above one of those supports, more advance could hit the market toward 3820.
Below 3755 more of a drop will be expected with supports at 3729 and 3700, which could activate the advance wave again toward 3820.
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