As we expected earlier, gold has been lower everyday. Potentially, gold would find support at 655 as 655 is 38% retracement level.

Current near term strong resistance area would be at 667. Short term support will be around 659 and resistance will be around 673.

Current trend is bearish at the time of analysis. Key levels to watch are 668 to upside and 660 to downside. Possible downside target can be around 652 and upside target will be around 673.

Good Luck!

Thanks for listening!

Gold Trader

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