Gold was sold off, and found a support at 682 yesterday. Current daily trend remains bullish and short term indicators are slightly mixed at the time of analysis. Today, investors would be awaiting for FED's rate decision which is scheduled to be announced this evening. (Please check the economic calendar on my main www.globalmarketwatch.biz web site)

Current near term support will be around 685 and resistance area would be at 689. Short/Medium term resistance will be around 694~697 and support will be at 680~678.

Current trend is slightly bullish at the time of analysis. Key levels to watch are 681 as a strong support and 689 as a resistance/breakout level to upside. Possible upside target can be around 694~697 and downside target would be around 678 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!

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Gold Trader

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