Gold clearly broke resistance at 628 and came out of trading range yesterday. I would expect gold to continue the rally and test around 638~642 area.

Today support area is around 631~629 and near term resistance will be at 637. Short term resistance would be at 642.

Current trend is bulish at the time of analysis and we hope gold would hold support level at 631~629 and test 637 and 642 thereafter.

Key levels to watch today are 629 to downside and 634 to upside.

Good Luck!

Thanks for listening!

Gold Trader

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