Gold has been narrowly traded between 627 ~ 624 yesterday. I hope it would be breaking out to upside to continue the rally.

Today support area is around 624 and near term resistance will be at 628. Short term resistance would be around 630~631.

Current trend is bullish at the time of analysis and we hope gold would hold support level at 624 and breakout towards 630 and tageting 640 thereafter.

Key levels to watch today are 628 and 630 to upside and 624 to downside. Although it is not likely, violation of 624 would lead selling towards 620~618.

Good Luck!

Thanks for listening!

Gold Trader