FOREX TRADE ALERT

for AUD/USD and

GOOLD OUTLOOK.

04.16.2009.

Australian Dollar.

The Australian dollar made a false break above resistance at $0.7300 against the greenback, warning of a possible bull trap. Breakout below $0.7150 and the rising trendline would confirm the signal, offering a target of primary support at $0.6300. Until then, reversal above $0.7300 remains as likely, and would offer a target of the September high at $0.8500.

Spot Gold.

Spot gold respected the new resistance level at $900, warning of a down-trend to test $700. Failure of short-term support at 865 would add further confirmation. Reversal above $900 is now unlikely, but would signal a bear trap.

REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!! http://www.4xgenie.com/News_Charts.html

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4xGenie Support Team.

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