Daily Commentary
Gold was just traded within a tight trading range between 663 and 656 for serveral days. Based on daily and short term indicators, the recent deline has been weakening.
Current near term resistance will be around 664 and support will be around 658. Short/Medium term resistance will at 669~673 and support at 656~654.
Current trend is neutral at the time of analysis. Key levels to watch are 664 as a resistance/breakout level and 658~654 as a strong support area.
Possible upside target can be around 669~673 and downside target would be around 654 if near term support and resistance levels are taken out.
Thanks for listening!
DailyCom
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