Gold drop below $635, next trading range $620 - $635

Gold broke the $635 support, and initiated another sell-off. The price fell another $20 from $640 and touched $620, now trading at around $625.

Future price is expected to trade within the range of $620 - $635. Some investors start to worry that the Spot gold uptrend has ended, which I think is a normal case in the 2nd phase of the bull run.

It is a test of patience for gold investors. No one knows the future, so always be prepared to handle when the situation is not in favour of you.