Daily Commentary

 

Gold was still in a well-established trading range 670~660 last Friday. Potentially, it would break out of 670 cleary today.

Current near term resistance area would be at 670. Short term support will be around 667 and resistance will be around 674.

Current trend is bullish at the time of analysis. However, I believe that market is approaching a sell-off area. Key levels to watch are 670 to upside and 667 to downside. Possible upside target will be around 674~678 and downside target can be around 664~660.

Good Luck!

Thanks for listening!

Gold Trader

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