Shuji Sugata Quotations

As long as geopolitical concerns are there, gold will be supported.

It's possible that retail investors are now more interested in taking new positions in booming Japanese shares.

For now the market is careful about taking new longs above $600. Investors want to see gold stay above $600 for a while before building up new buy positions.

The market could still be in a corrective phase ... it can come under further downward correction.