Gold was sold off deeply yesterday. It is much likely that it would continue to fall more.

Current near term strong resistance area would be at 673. Short term support will be around 660 and resistance will be around 681.

Current trend is quite bearish at the time of analysis. Key levels to watch are 675 to upside and 670 to downside. Possible downside target can be around 655 and upside target will be around 681.

Good Luck!

Thanks for listening!

Gold Trader

p.s We are arranging to give away some classic Robert Prechter's Elliott Wave Principle Books. More information will be posted on our main website soon.

p.s If you are intested in studying historical price data for gold, silver, forex, and US stocks, etc, you can download in CSV format from Trading Tools>Market Information page.

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

For subscription based analysis sample, you can find it in "Samples" page of my main website.

For Elliott Wave International's Commentary, please visit here!

Trading Platform to trade gold, silver and forex => Click Here