The shiny stuff is on another run higher and the Aussie $ continues to benefit
Gold has had a spurt on from $1260 this morning to post $1275 in a hurry, it's highest level in over a year.
The move is helping to put a bid under AUDUSD but further like-for-like progress is not being seen despite the general USD-neg sentiment prevailing too.
Strong sell interest into 0.7400 is casting a shadow and the pair has yet to get through 0.7382. Support/demand remains at 0.7350 with more into 0.7330 and 0.7300 with large option interest down there too. Full order board here and options here.
Gold has resistance into $1285 and more into $1310 with demand now around $1240.
Should be an interesting bun fight after NFPs and as always pick your preferred side and levels to take advantage whichever way the data goes.
