Consolidation likely for gold.

After a quiet trading day gold finished slightly higher gaining $1.08 for the day to settle at $925.60/oz. The yellow metal's high and low were within the previous session range (Inside Day) which technically suggests rather consolidation. Some support came from producer prices showing higher than expected numbers and pushing gold mildly on inflation expectations but the next direction is likely to be influenced mainly by the US dollar moves.
The short term trend is sideways while the medium and long term trends are bullish.

Support: $919.95 (yesterday's low)
Resistance: $936.15 (high of 27/03/09)

Support: $911.25 (low of 12/05/09)
Resistance: $933.20 (high of 01/04/09)

Support: $895.30 (low of 06/05/09)
Resistance: $928.60 (yesterday's high)

9 day moving average - $916.89
14 day moving average - $907.98
40 day moving average - $903.19