Precious Metals Futures Update

Gold helped higher yesterday by firmer oil prices, geopolitical tensions and a softer USD.

Technically moves within narrow range 655-668, but looks strong with room to the upside.

We need a firm break above 668.00 where a new wave of buyers will step in to target 680.00 and 690.00 in the near term.

We remain within the upward channel, with channel resistance coming in at 700-710.00.

If Gold fails to take out shortly the 668/670 resistance, look for some short term retracement towards 660.00 area.