Daily Commentary

 

Gold momentarily broke 670 and reversed yesterday. Based on my indicators, gold is in strong bull run and it is likely to break 669~670 clearly today.

Current near term resistance area would be at 675. Short term support will be around 667 and resistance will be around 678~680.

Current trend is quite bullish at the time of analysis. Key levels to watch are 670 to upside and 664 to downside. Possible upside target will be around 676~678.

Good Luck!

Thanks for listening!

Gold Trader

 

p.s If you are intested in studying historical price data for gold, silver, forex, and US stocks, etc, you can download in CSV format from Trading Tools>Market Information page.

I have also posted the signals on my main web site in the individual chart page.

For subscription based analysis sample, you can find it in "Samples" page of my main website.

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