Gold rallied and reached to our upper margin of short/medium term target at 682 yesterday. Daily and short term indicators are becoming bullish at the time of analysis. We can expect some more rallies towards 690 area next week.

Current near term strong support will be around 680~679 and resistance area would be at 686. Short/Medium term support will be around 677 and resistance will be at 689~690.

Current trend is bullish at the time of analysis. Key level to watch is 679~680 as a strong support. Possible upside target can be around 689 and downside target would be around 677 if near term support and resistance levels are taken out.

P.s. I occasionally post daily charts with indicators on my main website. You can see some indications of trend change on the charts.

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Good Luck!

Thanks for listening!

Gold Trader

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