Daily Commentary and Analysis
Gold retested 665 level again and rebound. Daily downtrend is weakening and short term indicators are bullish at the time of anlaysis.
Current near term resistance will be around 674~675 and support will be around 670. Short/Medium term resistance will at 679 and support at 667.
Current trend is bullish at the time of analysis. Key levels to watch are 675 as a resistance/breakout level and 669 as a support.
Possible upside target can be around 679 and downside target would be around 667 if near term support and resistance levels are taken out.
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