Gold/ Currencies

Yen/Gold clearly broke out through it’s 200 day mvg avg last night.

Euro/Gold is coming into support which should match up with the
1328-33 level in the Gold futures.

The Aussie is a currency I’m not interested in selling, however looking at the chart against the Gold, Gold could out perform in the near term.

Pay attention to these spreads.

If the IMF communique’s start mentioning the need for more worldwide liquidity ( higher Bond Futures) these will build momentum.

140410_065348_CQG_IC_Chart_USDJPY_GCEM4_Daily_Consolidated140410_065412_CQG_IC_Chart_USDJPY_GCEM4_Weekly_Consolidated140410_065850_CQG_IC_Chart_EURUSD_GCEM4_Daily_Consolidated140410_070643_CQG_IC_Chart_AUDUSD_GCEM4_Daily_Consolidated

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