Gold breaks $635

The previous post was made 20 days ago which the gold price is $627, and gold price has been boring at this level until today it rises $9 and breaks $635.

USD has been weak these days, EUR/USD just broke 1.3 and is now 1.3079, which may indicate a further drop of the dollars.

Gold will benefit from the dollar drop. Hopefully it will enter another trading range of $635 - $660. Lets see if $635 shows a good support.