|R1||1796||Intraday high||S4||1732||*||50-day moving average|
Asterisk denotes strength of level
10:30 GMT - GCQ0 seems to have generated enough momentum to break through the top end of the 2-month range, and 1800 is the next key level to watch for early Wednesday. The breakout is still in its early stages and there needs to be a confirmation of the break to keep the market interested. If gold can end the day above 1786, we will use that as confirmation. Meanwhile, if gold breaks through 1800 on Wednesday, our next key projection comes would be 1815.