Gold momentarily broke down below the triangle formation and came back into 672~680 trading range. Daily and short term trends are showing strong up at the time of analysis.

Current near term support will be around 676 and strong resistance area would be at 679. Short/Medium term resistance will be at 685 and strong support will be around 672.

Current trend is bullish at the time of analysis. Key levels to watch are 679 to upside and 672 to downside. Possible upside target would be around 685~688 and downside target can be around 667 if near term support and resistance levels are violated.

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Good Luck!

Thanks for listening!

Gold Trader

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