Gold should Technically correct.

Currently Gold has passed the 1 Hour Chart - 200 MA which lied at 630.65
However, its playing in that range, and lies around a Next Resistance level.
We Expect NY Traders to pull it back down, to technically correct, for new entries of Buy in Dips.

However, most of the traders are at side before the August meeting, and its a watch and see scenerio right now.
Current Situation emerges as Signs of Fed to Pause. Which is giving weakness to Dollar, and Traders buying Gold/Silver.

However, NY traders shall react further after the Heavy Datas today, and further signs shall Emerge.

12:30 GMT
Durable Goods Orders Expected 2.0%
Durable Goods Excl. transportation Expectd 0.7%
Initial Jobless Claims Expected 315K
Continuing Claims

14:00 GMT
New Home Sales Mom Expected 1160K