Gold is still in a narrow trading range between 627 ~ 623 yesterday. I hope it would be breaking out to upside to continue the rally.

Today support area is around 622 and near term resistance will be at 628. Short term resistance would be around 634.

Current trend is slightly bearish at the time of analysis and we hope gold would hold support level at 622~620 and breakout towards 628 and tageting 640 thereafter.

Key levels to watch today are 628 and 630 to upside and 622 to downside. Violation of 622 would lead selling towards 619~617.

Good Luck!

Thanks for listening!

Gold Trader