Spot prices in AUD is pretty bad right now,even though "gold is up"! It means,Australian gold companies is getting alot less profits due to AUD is getting stronger and stronger. Charts show SPs are moving almost exactly where I drawn resistance/support levels.. So please take a look at my previous posting. It's hard to believe gold prices in AUD can breakout my resistance levels at least for now. Those BEARS up there are looking like undefeatable.Time frame H4 shows this time high was lower high. That means less buyers support for higher prices. What's next? My answer is,SP could break down my support level 2650 sometimes TONIGHT,IF 1 candle breaks & get closed below that level I drawn. Senario 2,IF it gets enough supports,it can bounce back to 2683.50. Let's see.
