Daily Commentary and Analysis

Gold rose $4 overnight trading. Daily indicators are becoming mixed from downtrend. All short terms indicators are quite bullish at the time of analysis.

Current near term resistance will be around 660 and support will be around 657. Short/Medium term resistance around 663 and support will at 653.

Current trend is bullish at the time of analysis. Key levels to watch are 660~663 as a strong resistance area and 653~650 as a support.

Possible upside target can be around 660~663 and downside target would be around 653 if near term support and resistance levels are taken out.

Thanks for listening

Good luck

DailyCom

Technical Trading and Fibonacci

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