Daily Commentary

As some of my short term indicators have been signalling, gold found the support around 664 and broke out of short term resistance 669. Although daily indicators are still downtrend, short term indicators are in a bullish mode.

Current near term resistance will be around 675~676 and support will be around 669. Short/Medium term resistance will at 680 and support at 666.

Current trend is bullish at the time of analysis. Key levels to watch are 675~676 as a strong resistance and 669 as a strong support.

Possible upside target can be around 679~680 and downside target would be around 666 if near term support and resistance levels are taken out.