GOLD UPDATE

Gold Handles its Range around the level of MA100 - Daily Chart.
Crossing 623 level, will push it down to 615 area.
However, Monday gold was Playing in range of $5-7 up and down.
Today the market will wait for PPI releasing today.
And if Gold stands its level at the same range of MA100, and Mantains a solid Support we could see a Push higher.

This Bear ride was driven due to Slight Easing of the Lebanon - Israel Crisis. However we have Iran Discussions coming up in around 10 days. That could be a Lifting if such any Tension messages are pass around.

We mentioned earlier, Gold has Cut off its Fundamental RIDING Support, bringing it to around 625 level from 655 range level.

Today Asia Morning, we are right now seeing in our Screens, the Money movements / trades for Gold occuring in ASIA right now is very Low.
It expects as market is waiting for PPI today.
We could see the same Movement occuring in Asia as Monday.

Not much Happening for the moment.

Shall Advice further.