Gold dipped momentarily below 640, found support around 639 and it resumed its rally.

Today support area is around 645 and near support is at 641. Strong resistance would be around 652~655.

As it is approaching heavy resistance area, we might see a small or big correction around those levels.

Current trend is bullish at the time of analysis. Daily trend is also strong up and it is likely to test as high as 655 today. But potential selling area would be around 652~655 and it is worth to watch this level carefully.

Good Luck!

Thanks for listening!

Gold Trader

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