Gold was slightly sold off yesterday as we anticipated yesterday. Current range is still posing as a strong resistance area. Although overall daily trend is quite bullish, we still need to be mindful around this area.

Current near term resistance will be around 689-691 and support area would be at 685. Short/Medium term strong resistance will be around 697~700 and support will be at 682~680.

Current trend is neutral at the time of analysis. Key levels to watch are 691 to upside and 687 to downside. Possible downside target can be around 682~680 and upside target would be around 697~700 if near term support and resistance levels are violated.

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Good Luck!

Thanks for listening!

Gold Trader

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