Gold retreated and adjusted at the range

Market Reviews of the Previous Day:
During NY session on 12 September, the euro against the dollar retreated at low level since seven months.
It is said that Greek economic recession in 2011 may exceed the rate of 5%, increasing the difficulty of its financial constraint target. Germany may abandon the plan to aid Greece, adding investors' expectation toward the Greek debt default.
Foreign exchange market basically continued the previous technical trend.

September 12, international gold hit the two-week low. Stock prices and the dollar rose. As investors worried about other markets being affected by the European debt, gold was sold-off.

Key Economic Data and Events:
GMT+8 13:30 France Consumer Price Index (August);
GMT+8 16:30 UK Consumer Price Index (August);
Gold:
Gold opened at 1855.80 USD on 12 September, with intra-day Low at 1801.95 USD and intra-day High at 1862.19 USD, eventually closing at 1815.03 USD. Intra-day range of 60.24 USD was seen.

Gold fell on Monday. It adjusted at high level and fluctuated in short-term.

Suppose the partial channel was constructed at September 7 and September 12, the up moving range of which will reach1890. The further resistance will be at the record high 1,920.38.
The current downside supports are the trend line 1780 USD constituted by connections of the low points at July 1 and August 25, and the predicted minimum target level of 1,759.
The current long period of the uptrend is perfect. Gold turned to significant adjustment in the mid-term.
Trading suggestions:
The partial oscillation range is at 1885.90-1792.20. Trading around the upside and downside range could be considered when opening position.