Gold Holds at 638 levels

Spot gold holds at $638.25/oz, on the low side of a $636.55 to $653.75 range.

The better dollar tone is weighing on the precious metal.

As Earlier mentioned cutting the 644 levels will bring it back to 638 level range Where its TOTALLY OVER SOLD, Making new buying Opportunies,

However, the run up towards $654 was caused by the news of the averted terrorist strike.

Gold often rallies immediately after major terrorist incidents but quite quickly returns to prior levels

A Good Data coming up Tommorrow(FRIDAY) for gold, shall help it make it back towards 650+

However, technically its looking for a Push Higher by ASIAN markets. We feel a little tight trading could occur, to correct few Technical Aspects, to create a new push

As we did mention earlier Gold is Supported 40/45% FUNDAMENTALLY, And gold always rallies on Any Attacks or so, But when that news starts calming down, it comes to the same level where it began its SPIKE UP, cutting of FUNDAMENTALLY Push, And bringing in Real Support/Technically