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Archived IMT (2010.04.21)

by Ashraf Laidi
Apr 21, 2010 19:11

GOLD and SILVER facing their trend line resistance as other metals extend their selloff. GOLD capped at 1153, while SILVER attempts to show the same pattern shown in mid Jan but facing trend line resistance at 18.35 from current 18.05. Can these metals break the trend line resistance considering downside pressure from BDI, copper as well as the technical resistance in Dow and S&P500. Not to mention, AUDUSD increasingly struggling at 0.93. Aussie CPI due next week. A weekly close below 0.9330 should be watched,

 
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