Gold has been in a sideways range between 671 and 677 for a few days due to low trading activities during the holiday period. All daily and short term are showing strong up at the time of analysis.

Current near term support will be around 673 and resistance area would be at 677. Short/Medium term resistance will be at 682 and support will be around 669.

Current trend is bullish at the time of analysis. Key levels to watch are 677 to upside and 672 to downside. Possible upside target would be around 682 and downside target can be around 669 if near term support and resistance levels are violated.

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Good Luck!

Thanks for listening!

Gold Trader

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