Athough, gold moved higher on Friday, gold did not have enough strength to breakthough 665 level clearly. Daily trend remains up but short term signals are mixed at this moment.

Current near term support will be around 663 and strong resistance area would be at 666. Short/Medium term resistance will be at 672 and strong support will be around 656.

Current trend is neutral at the time of analysis. Key levels to watch are 666 to upside and 662 to downside. Potential trading range is 666~663. Possible upside target would be around 672 and downside target can be around 655 if near term support and resistance levels are violated.

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Good Luck!

Thanks for listening!

Gold Trader

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