COMEX Gold is in a technically weak on charts for short term. Last week COMEX Gold was trading in a range from $1600 to $1660. In the coming week $1530 will act as a major support in COMEX Gold and $1840 will act as a major resistance.
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above $1655 an ounce, then above $1670 it can test the level of $1695/$1715 an ounce.
Major support for COMEX Gold in the coming week is $1530 and $1470
Major resistance for COMEX Gold in the coming week is $1840 and $1880
