his time around, China says that it found "harmful insects" in barley imports from Australian firm CBH Grain - the country's largest exporter of grain products.
Again, this just adds to the ongoing economic impact that is slowly being heaped on by China towards Australia and isn't a positive development for the aussie
The Gold is locked in the contraction on Bollinger bands and I would watch for the breakout of the trading range to confirm further direction.
Further Development
Analyzing the current trading chart of Gold, I found that there is potential for the breakout due to contraction in last few hours.
The upside breakout of the resistance at $1,992 may lead Gold for test of $2,000
The downside breakout of support at $1,984 may lead Gold for test of $1,975
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Platinum today and on the bottom Orange Juice and Nautral Gas
Key Levels:
Resistance: $1,992
Support level: $1,984
