Gold has been trading in a well-established trading range 641~648. The bearish pattern remained valid as gold closed lower on Monday.

Today near term strong support level is 641 and resistance is 648. Short term support will be around 636~637 and resistance will be around 651~ 654.

Current trend is slightly bearish at the time of analysis. Breaking below 640 would indicate a strong selling towards 637~632.

Good Luck!

Thanks for listening!

Gold Trader

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