Gold continued the rally but rejected by short term resistance at 637 and reversed.

Today support area is around 626~628 and near term resistance will be at 630~632. Short term resistance would be around 634~636.

Current trend is slighly bearish at the time of analysis and we hope gold would hold support level at 626~628 and test 634. If 626 level does not hold, it would test around 622~619 area. 619 would be a strong support level.

However, overall daily trend remains intact. If gold continues its rally, around 640~641 would be an ultimate target and a possible strong resistance.

Key levels to watch today are 631 to upside and 626 to downside.

Good Luck!

Thanks for listening!

Gold Trader

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