Gold rallied as anticipated and hit our intraday resistance level at 690 on Friday. Daily and short term indicators are bullish at the time of analysis.

Current near term resistance will be around 691~693 and support area would be at 685~687. Short/Medium term resistance will be around 697 and support will be at 682.

Current trend is bullish at the time of analysis. Key levels to watch are 693~695 as a resistance and 685 as a strong support. Possible upside target can be around 697 and downside target would be around 682 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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