Precious Metals Update

Gold has pushed heavily down-wards, there is no economic relation to its, its due to various factors which we saw today, regarding Crude Oil hasnt effected much rising above $60, after suprise crude Oil OPEC cut. Dollar Strength today. Pushing around 73 pips downwards for EUR/USD to 1.2543.
We also have FOMC rate decision this week, so main focus is over this for the moment, Many expect fed could hike, and thats why we have seen dollar strength in relation to pushing precious metals down, However, we didnt see big fall, as geo-political and physical buying support remains.

580 level mantains a good support which should hold the Gold prices