From here I am looking for some bullishness on the AUD POG (Gold.asx) and therefore a fall in the AUD as per my post here:
the gold train has left the station
(sorry like a kid with a new toy! lol)
Will be looking for a better confirmation on the US POG before stepping out to buy any gold shares - just holding a very small parcel atm.
Adw wondered if you could tell me whether this chart is suggesting a turnaround in the AUD POG (aka Gold.ASX) - thinking July/Aug - looking at the spot having dipped to 95% of the 40 week moving average in the 1st chart and the trendline in the 3rd chart or alternatively a bounce off the 50% or 38.2% fib? I am only an amateur atm but gotta learn - so any other TAs feel free to pip in.
http://www.globalspeculator.com.au/TSX-Gold-Index.html
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