After gold has been in a tight range between 665 and 662, gold sharply hit upside target at 669 overnight and reversed. Based on medium term and short term indicators, it is signalling to move higher today.

Current near term resistance area would be at 669 and support will be around 664~662. Short/Medium term strong resistance will be around 674~676 and strong support will be around 660~658.

Current trend is slightly bullish at the time of analysis. Key level to watch is 663 to downside. Possible upside target would be around 674 and downside target can be around 660 if near term support and resistance levels are violated.

Good Luck!

Thanks for listening!

Gold Trader

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