Precious Metals Futures Update

Precious metals are expected to focus on the Iranian answer to the security council as they placed themselves an Aug 22nd deadline. UN deadline is the 31st.

Gold - $635 has been taken out and the 642 resistance is a near term target, we could have a bit of consolidation between 628.50/632.50 before testing this level.
Watch closely the Eur/Usd for more clues.

Silver needs to break the 12.45 resistance fairly soon to be able to target 13.00 otherwise we would have a double top and a risk of retracement