From tecnicals posted Sunday

A daily close above $960 could open the way for $967 followed by $978 also being a trendline resistance point. Important support is at $937 now and as long as this support remains intact, we expect gold futures to consolidate and rise higher towards $978 levels. Direct fall below $931 could lead into another round of consolidation. Favoured view expects a rally higher to test the trend line resistance level. It is to be seen if prices can cross this important near-term resistance. Failure to do so could lead into another round of consolidation. Elliot wave analysis indicates a possible fifth wave move in progress. This will be confirmed on a rally above $978.

$978.00 in reach

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