Gold Technical update

Gold has important support areas at 1708-1700-1693

If these levels are breached, Gold can drop further to 1681 below which 1670 and 1661 can get exposed.


However, since short term trend looks bullish, the metal can continue scaling upward move with Target 1730 and 1746


The current rebound, if sustains above 1730-1746 zone, is likely to extend its way up to 1790 and 1846