Metals Futures Update

Gold lifted from the lows dominated by four straight losing sessions.

Today’s session is key as the market needs to decide whether yesterday was a relief rally, or a reversal.

The 50 day mvg has provided the market with necessary support and becomes key support at $632.25.

This is a key level, deciding whether Gold will "make or break" from current levels.

Silver still remains in bullish territory, however, we need to make some headway soon if we want to stay in positive momentum. Any move below $12.000 remains a good level for fresh longs.

Market is Slowly moving upwards, however, todays US Data shall give further signals of USD Weakness which in return lead nice push towards Metals.