Daily Commentary

Gold was sold off very deeply again. Current daily trend is bearish at the time of analysis. But short term indicators are indicating a slow down.

Current near term support will be around 664 and resistance will be around 669. Short/Medium term support will 659 and resistance at 675~677.

Current trend is neutral at the time of analysis. Key levels to watch are 664 as a strong support and 669 as a resistance/breakout level to upside.

Possible upside target can be around 675~677 and downside target would be around 659 if near term support and resistance levels are taken out.