Yesterday,
Gold exchange rate touched the MA20 1,660.0 level. During Wednesday morning,
the rate was testing the resistance level—the monthly R1 at 1,702.7 Later on
monthly R1 was taken, if today closing price will hold above that level its
likely that XAU/USD probably will tested next resistance area 1,740.0-1,747.0
If this going
to happened price for gold could exceed the target and the way to monthly R2
1,828.9 will open.