Gold has reached the anticipated area around 653~655 today.

Current near term strong support area would be at 649 and strong resistance will be around 657. Short /Medium term resistance will be around 661.

Current trend is slightly bullish for the day at the time of analysis. Key level to watch are 647 to downside and 656 area as strong resistance. Possible upside target can be around 661 and downside target can be around 643.

Good Luck!

Thanks for listening!

Gold Trader

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