FXstreet.com (Barcelona) - Australian Dollar rally from 0.8945 low on Friday extended on Tuesday above 0.9195/00 resistance area to reach 0.9285 high, as gold prices hit successive all time highs. reaching $1.217.30 0z a short while ago.

At the moment, the Aussie trades right below resistance area at 0.9285, and according to Rajoo C, technical analyst at Precise Trader, above here, the pair could extend gains to 0,9330/0.9400: The Hourly Trend is creeping higher expect the price to test the prior swing highs of 9330-9405 once 9285 gives way, 9195-35 are the critical levels to watch to maintain the bullish outlook.

Gold prices bounced at $1.13720 low on Friday to reach previous all time high at 1.195.00 oz on Tuesday, and break above it, rallying through the Asian session to reach the mentioned 1.217.50 high right at the European opening session.