Gold is still struggling to break through 669 level yesterday. Based on short term indicators, it is signalling a weakness in the current uptrend although overall daily trend is still strong up.

Current near term support will be around 663~665 and strong resistance area would be at 669. Short/Medium term strong resistance will be around 674~676 and strong support will be around 656.

Current trend is slightly bearish at the time of analysis. Key level to watch is 663 to downside. Possible upside target would be around 673 and downside target can be around 656 if near term support and resistance levels are violated.

Good Luck!

Thanks for listening!

Gold Trader

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