Metal Futures Update

Gold continued to slide this morning following up on last weeks massive drop of over 60 USD where market regarded Gold too expensive and sellers entered.. As the middle East conflict seems to be kept local without any significant involvement from neither Syria nor Iran plus the beginning diplomatic efforts leaves us o believe that Gold will continue to drop. August contracts broke short term supports at 615 this morning and opens up testing the psychological $600 and technical areas $590 -595/oz later on this week.. However last weeks volatility should remain with big swings both ways.



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