Gold consolidates above $2,685, bulls optimistic of $2,735?
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Gold consolidates above $2,685.
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Markets eyeing rally for $2,735.
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Demand likely to resurface on pullback to $2,668-$2,658.
After reaching $2,698 Gold is seen consolidating gains above $2,685.
Any pullback below $2685 will see a drift towards $2,680-$2,675-$2,670
Next support is seen positioned at $2,668 followed by $2,658
Local demand may resurface on the test of support zone.
Consolidation and momentum accumulation from support zone may resume uptrend which will require renewed attack on $2,690-$2,698 which will be considered as initial confirmation for rally to extend towards overhead resistance trendline aligned at $2,735
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