Spot Gold jumps to $ 1.093 after Fed's statement

on January 27 2010 3:11 PM (Barcelona) - Spot Gold's decline from $1.100 area has held at $ 1,084 session low, and the pair has jumped $9 to$1,093 after the release of the Federal Reserve's Monetary Policy Statement.

At the moment, the Gold trades at $1,190 area, with resistance levels at $1,093 (Jan 25 high) and above here, $1,100 area (Jan 25/26 and 27 highs) and $ 1,110. On the downside, initial support lies at $1,1082/83 (Jan 26 low session low), and below here, $1,079 (Dec 23 low) and $1,074 (Dec 22 low).

AUD/USD has been going through choppy trading after fed´s statement, moving up and down between session low at 0.8920 to 0.8980, although, at the moment of writing, the pair is going lower, hitting day low at 0.8915.


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