MAY 24 GOLD UPDATE

Gold bulls and gold bears are fighting for dominance on the market, while in the same time comments from Fed's chairman Ben Bernanke are pushing the US Dollar back and forth. Each side has its own grounds, so let's see how big is their footprint on the metals market.

Today's Premium Update includes our analysis of the following:

• Head and shoulders pattern visible in the long-term Euro Index chart
• Another failed attempt of breaking above the resistance level for Crude Oil
• Importance of this week's gold rally and decline - volume levels
• This week's developments and the real impact upon the outlook for the miners

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