IEA Head Mandil Reported Saying

IEA HEAD MANDIL Reported saying,
- Well supplied, stocks at an acceptable level, but no room for complacency
- Any talk of a further OPEC oil output cut is unwelcome
- Oil price still too high at around US$60.00.

We need to see how NY market reacts today in Oil Prices, which shall affect the Gold prices as well in co-relation, Nevertheless, we are still in good Bullish Channel, where 658 is where Support lies at.
However, Market looks for slight dip short term, to continue its bullish strength targeting 676 levels.