FXstreet.com (Barcelona) - Gold is rallying again after bouncing at $1,075 low on late December, and, supported by recent Dollar weakens, XAU/USD rose yesterday to a fresh 5-week high at $1,162.08, and following pullback held above $1,148.55, to bounce up on Asian session, and return to $1,156 area at the moment of writing.
According to Abhishek Goenka, technical analyst at India Forex Advisors, Gold is a good buy between $1133 and $1142: GOLD seems a good buy between $1133 levels to $1142 levels for a target of 20 dollars. Do not short the metal since it seems quite bullish. (Gold - $1153.40) Bullish.
AUD/USD recovery from Dec 21 low at 0.8730 reached on Monday a fresh 5-week high at 0,9325 to pullback to 0.9235 low during Asian session and return to 0.9300 area at European opening times.