Daily Commentary

 

Gold tested 652 as expected and pull back to 648 yesterday. It has been in a tight trading range all day and again it is retesting 652 today..

Current strong resistance area is 652. Short term support will be around 648 and resistance will be around 654~655.

Key levels to watch are 654~655 to upside and 648 to downside. Possible upside target will be around 658 and downside targets will be around 642.

Good Luck!

Thanks for listening!

Gold Trader

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