Gold Soared On Friday

XAU - Gold soared on Friday, due to the weakening dollar, the outlook for the U.S. government cuts and inflation worries driving up gold in the commodities rally. Gold toward its biggest weekly rise in 4 months, supported by anxiety eurozone government debt amid the financial crisis and fears of inflation Portugal. Approximate prices today tend to seek support at level USD $ 1461.33 and resistance at level USD $ 1,481.73

Today is Monday, 11 - 04-2011 Gold opened at level USD $ 1474.97

Resistance 3: 1502.13
Resistance 2: 1488.66
Resistance 1: 1481.73

Pivot Point: 1468.26

Support 1: 1461.33
Support 2: 1447.86
Support 3: 1440.93

Euro Rally Against

Euro rally against the dollar from 1.4020 last week's lows again passed today, bolstered by interest in risky assets/risk appetite in the stock market and after the ECB rate hike. Currency Pairs tend to seek support at level 1.4346 and resistance at level 1.4555.

Today is Monday, 11 - 04-2011 Price EUR/USD opened at level 1.4483

Resistance 3: 1.4764
Resistance 2: 1.4626
Resistance 1: 1.4555

Pivot Point: 1.4417

Support 1: 1.4346
Support 2: 1.4208
Support 3: 1.4137

Strength Against The U.S. Dollar

Sterling again show its strength against the U.S. dollar especially as the general economic indicators show improvement of economic recovery after shrinking 0.5% in the last quarter of 2010. These currency pairs tend to seek support at level 1.6310 and resistance at level 1.6444.

Today is Monday, 11 - 04-2011 Price GBP/USD opened at level 1.6379

Resistance 3: 1.6578
Resistance 2: 1.6503
Resistance 1: 1.6444

Pivot Point: 1.6369

Support 1: 1.6310
Support 2: 1.6235

Asian shares rose 0.7%

Asian shares rose 0.7% after the earthquake that shook Japan aftershocks otherwise does not cause major damage. Aftershocks have been knocked out of Europe and America share. President Barack Obama and congressional leaders failed to reach an agreement on the budget on Thursday. These currency pairs tend to seek support at level 1.0467 and resistance at level 1.0620.

Today is Monday, 11 - 04-2011 Price AUD/USD opened at level 1.0570

Resistance 3: 1.0773
Resistance 2: 1.0678
Resistance 1: 1.0620

Pivot Point: 1.0525

Support 1: 1.0467
Support 2: 1.0372
Support 3: 1.0314

The Release Of A Long Position

In addition, market players said the release of a long position Yen again awakened by the quake rocked Japan on Thursday night, so this contributes to the weakening yen. These currency pairs tend to seek support at level 84.49 and resistance at level 85.22.

Today is Monday, 11 - 04-2011 Price USD/JPY opened at level 84.81

Resistance 3: 85.95
Resistance 2: 85.67
Resistance 1: 85.22

Pivot Point: 84.94

Support 1: 84.49
Support 2: 84.21
Support 3: 83.76