Again, gold momentarily broke 670 and reversed yesterday. It has been trading within well-established trading range 670~660 and still maintains its bullish daily trend.

Current near term resistance area would be at 670. Short term support will be around 664 and resistance will be around 675.

Current trend is neutral at the time of analysis. Key levels to watch are 670 to upside and 664 to downside. Possible upside target will be around 675 and downside target can be around 660~658.

Good Luck!

Thanks for listening!

Gold Trader

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