Gold continued the fall and found a strong support at 667 yesterday. Currently, short term indicators are signalling a strength although daily indicators are still in downtrend.

Current near term strong support will be around 672 and resistance area would be at 676. Short/Medium term support will be around 668 and resistance will be at 680.

Current trend is bullish at the time of analysis. Key level to watch is 672~670 as a strong support. Possible upside target can be around 680~682 and downside target would be around 668 if near term support and resistance levels are taken out.

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Good Luck!

Thanks for listening!

Gold Trader

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