Gold reactions - Directionless currently

There are high chances for Gold to Hit 609 Level.
NY Markets are reacting alot at the moment.There are Rejection signs occuring at 630-632 levels right now.
Currently Gold is Directionless, Overall, Dollar is Bullish, and signs emerge for Hike of interest rate in August, But important call should be to await and trade after Bernakes Speech.

A Pass by above 640-642 level, shall Emerge a Bullish Signal.

However we wouldnt Advice to trade/Enter position right now

Its better to wait for Bernakes testimony, And then clear Picture should Emerge.
And as we spoke to some many Investors, everyone awaits for Bernakes Speech around 30 minutes from now. (14:00 GMT - Testimony Begins)