This is monthly chart and we can see that 1680 is major support and in last week we have seen that 1700 is Holding well so far.
If it keep holding 1700 for next week then we can expect bounce towards 1760-75 from here and if it breakdown this important support then we can see 1680 within one trading session .
As it is clear from the chart that 1680 is next important hope for bulls and can expect reversal from here ....
But as gold is currently trading in low volatility area so breakdown of 1680 can generate long term bearish move.
If it keep holding 1700 for next week then we can expect bounce towards 1760-75 from here and if it breakdown this important support then we can see 1680 within one trading session .
As it is clear from the chart that 1680 is next important hope for bulls and can expect reversal from here ....
But as gold is currently trading in low volatility area so breakdown of 1680 can generate long term bearish move.