Gold has risen so far near 53$ today, but AUD & EUR have failed to make highs against US Dollar. It is not a divergence of Gold with EUR & AUD to go long against US Dollar. So, be cautious in placing long EUR/USD or AUD/USD or USD/CHF short. Gold is in actual bull mood today due to money supply increased drastically by ECB, RBA & Fed.

Following charts are Gold against EUR, Gold/AUD, Gold/JPY

USDCAD closed @ 1.0558 this early morning with -62 pips.

Total Week Gain/Loss:
AUD/USD -108 pips
EURCAD +258 pips
USDCAD -62 pips
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Total +88 pips

More orders will be placed this afternoon.

Stay tuned.