Daily Commentary - Analysis

 

 

 

Daily Commentary and Analysis

Gold hold 648 as a support last Friday and traded within a tight trading range. Although daily trend indicators are still down and short term indicators are bullish at the time of analysis.

Current near term support will be around 649 and resistance will be around 652. Short/Medium term resistance is around 656 and support will be at 645.

Current trend is bullish at the time of analysis. Key level to watch is 649 as a strong support.

Possible upside target can be around 656~659 and downside target would be around 645 if near term support and resistance levels are taken out.

Thanks for listening

Good luck

DailyCom

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