Gold opened today's trading at volatile between 1175 and 1179 during the Asian session trading at 4 dollars for the poor liquidity in the market range.
Gold moves in a series of up impulse waves after breaking the parallel price channel.
It is expected that the yellow metal is heading targeting 1190 as the target on time frame of four hours and till now we see the Bears control on market direction and the Bulls waits the first Support around 1170 to enter the market
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 1173.25 and 1168.75 and 1161.38
Resistance levels: 1185.12 and 1192.49 and 1196.99