Gold tested 640 and reversed as we expected a few days ago

Today, support area will be around 632~631 and near term resistance will be at 636~637. Short term resistance will be around 640~643 and support level will be around 627.

Today trend is neutral at the time of analysis. Overall daily trend is up but current price is overbought. If gold breaks 636 clearly, we would probably see an upside move towards 640~643 again. Violation of 631 to downside would signal a weakness and we can expect downside target around 627.

Good Luck!

Thanks for listening!

Gold Trader

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