its definitely buildinig pressure under the decending line.. its...

its definitely buildinig pressure under the decending line.. its spent quite a bit of time now testing it.. looks promising



AUD not broken out yet.. aussie miner to gold ratio not broken out yet


SPX/XJO ratio.. looks to be rolling over but early days yet
interestingly the blue resistance line is parallel to the support line


DXY.. bumped its head underneathh the 100.5 sup/res line.. but hasnt broken down out of its rising channel yet


SPX/Gold nothing to report.. bumped its head at 1.87 horizontal sup res


XAU/USD.. still within the consolidation pattern.. hard to guess .. could dip and make a mini inverse head and shoulders before a breakout.. there is no reason to think any major correction is comming.. in fact we havent had any serious consolidation at all yet.. even 50% would be normal and healthy and not a signal of trend exhaustion.. we havent even done that


S&P500.. looks interesting .. even a bit dicey for a breakdown.. that looks to be a rising wedge that did a false break to the upside and now its dancing on its support line


the only thing i see as potential short term pressure to gold is if money runs to oil, inverse head and shoulders in the XEJ

Oil. backtesting a flag breakout

XEJ


WDS: woodside energy priced in gold XAUAUD


Copper will get very interesting if it breaks its recent high around 5.40