Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Sunday, April 22, 2012

Gold consolidates before next move. Aussie down.

 Gold consolidates at USD 1640 level, eyeing FOMC meeting on Weds 25th April to discuss economic & monetary projections..
Will gold breakout to test its recent high or breakdown ..?
Resistances at 1658, 1665, 1686
Supports at 1634, 1625, 1610
Aussie down on weak PPI (producer price index):  buys 103.3 US cents
Resistances at 1.040 , 1.044 , 1.048
Supports at 1.031 , 1.029 , 1.026
Buy below 1.030

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