Gold's short-term trend is upward. The trading range for Intraday Gold is expected between the main support at 1520.00 and key resistance at 1640.00. Based on my chart analysis, I prefer to buy Gold above 1570.00 with a target of 1600.00 then 1640.00 and stop loss below 1550.00. and Gold is monitoring the level of 1582.68, after yesterday failed to pass this level. So if this level is broken again, then gold might rise to the level of 1607.85, which is safe to continue the bullish point. But if Gold stays below the level of 1582.68, it is likely to decline to the level of 1562.33.


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