Gold Update

Gold is doing a steep rally, as mentioned earlier today, with Gold expected to clear 661.30 level to push higher, with target set for the moment at 676.35 July 2006 high, Gold is supported with Various Geo-Political tensions striking in the market.
An Added note, Gold is coming in a top over-bought section, where soon we shall see profit taking, which shall retrace the price around $15-20 downward, at support zone lying at around 643.50 and 647 level.
We expect a Bounce at such level, which shall continue the resumption of the Up-Leg.
However, it is important to watch the movements of $ index and Crude Oil, with any such news, Crude oil traders are very excited to push the prices upwards.