Gold Update

Gold saw slight Profit taking after fridays big move, and a quick reversal back to 639 levels emerging new buying interests, which gives a sign that Investors are eager to buy at dips, and with USD weaker, and Crude Oil Jan Contract trading high, we are looking for a nice push higher tommorrow, with more Economic Data to flow in.
Traders also wait for Bernake speech flow in at 17:30, which shall create effect on the USD.
Technically Gold is still in a very nice Bull channel, with a continuation development of the 2nd wave.