RECAP: "In my view, gold will attack the $920 level soon."
Gold managed to rally from a low of $907.5 to $922.5 and ist now traded at $919.5. What is the next target? In my view, gold will trade sideways in the short-term. The expected trading range is about $927 to the upper side (quite strong resistance, upper boundary of the short-term trend channel and 50% fibo) and $915.
The medium-term direction is open right now with a heavy resistance at $943/6 and a strong support at $905. At the moment, I am totally neutral.