The Brains Trust - 2024, page-2473

A$Gold Vs US$Gold ... Hmmm, don't like the Pattern on the (S/T) 2_Hourly Chart on the A$Gold Chart. Looks like a confirmed Broadening (Bearish) Pattern. What does this mean? Well, for a starters, Broadening Patterns on S/T(short-term) charts aren't as reliable as on longer-term charts(especially Weeklies). So, maybe nothing to worry about. The other consideration is to look at the POG in US$'s(the currency Physical Gold is primarily traded, and quoted, in. Its chart over the same period(1st US$Chart) still looks very much Bullish and well within its Channel uptrend(This is even more noticeable if you go back further in Time(2nd US$Chart). Clearly, its currency related ... i.e. US$ strength(with a sprinkling of weaker A$) ... see last Chart ... AUDUSD 4_Hourly.