Gold is still trading in a trading range between 651~657. Although overall daily remains bullish, some signals are becoming bearish and indicating that a strong price movement would be coming soon.

Current resistance area is 656. Short term support will be around 651 and resistance will be around 659~661.

Current trend is becoming bearish at the time of analysis. Key levels to watch are 650 to downside and 656 to upside. Possible upside target will be around 661 and downside targets will be around 642~637.

Good Luck!

Thanks for listening!

Gold Trader

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