Gold Update

Gold has been trading in the Asia and Europe Morning at above 580+
Now trades little below 580 level, However, for the moment we shall give Gold sometime to slowly mantain the push, However the sell off currently looks eased up, as a slow momentum of push upwards is likely developing, And Holding above 570 is a Key for the moment.
For the moment Market waits for US Housing Starts on 19th and FOMC meeting on 20th.
We shall soon be seeing Physical Buying in Asian Countries, in the month of Ramadam, where mostly people do Physical Gold buying, and Eid to come, is a Key Physical Buying time.

The Main Part this week plays FOMC, clearing that, opens path for many ways.