Currently, gold is in a tight trading range. Potentially, it would retest strong support around 650 area.

Current near term strong support area would be at 649~651 and resistance will be around 658. Short/Medium term resistance will be around 665 and strong support will be around 647.

Current trend is neutral at the time of analysis. Key levels to watch are 650 to downside. Possible upside target can be around 660 and downside target could be around 647.

Good Luck!

Thanks for listening!

Gold Trader

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