Gold broke out of 670 but has been trading in a very tight range as there were low trading activities due to the holiday in US.

Current near term resistance area would be at 672. Short term support will be around 668 and resistance will be around 675.

Current trend is slightly bearish at the time of analysis. I also 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 674~676 and downside target can be around 662~660.

Good Luck!

Thanks for listening!

Gold Trader

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