Gold Update

Gold is correcting for a long term bullish movement, Gold is bringing new investments and we are seeing profit taking as well appearing.
618 holds very nicely, there are slight chances for gold to hit 613.50 levels and reverse, emerging new Buying Opportunities.
There are still many fund managers on Long Positions for Precious Metals.
However, the call is keep enough funds to be safe from any Margin call.
We are overall looking for a Bullish Momentum following up.
With Crude Oil Inventories today, a Push in crude Oil, will be a Rally for Precious Metals. We keep a sharp eye over it.
Dollar weakness remains on the boards, with a little consolidation taking place.

Technically Gold is correcting it self, after having a Sharp 9 days rally upwards, it does needs a little correction, to form a new bullish pattern, currently gold is performing well, and correcting itself very nicely.
If there was any sign of HEAVY BEARISH momentum, we would have already touched 610 in 3 days period, But the Pressure of Buying is in the Market and increasing and keeping the prices in range of 617.50 - 626/628 flow, and in such moments its TECHNICALLY correcting as well too.