Gold in Aud, page-24

Gold in aud is now testing the $3000 level. Likely by the end of September we will be trading above the $3000 level. This may be the catalyst
for a rerating of Australian gold stocks. The monthly chart of xgd is suggesting we are in the early stages of this rerating with the head and shoulders pattern
showing a lot of promise that it will be confirmed.
First up is the monthly log chart of the gold price in aud

the next chart is the monthly xgd chart in regular format showing the large head and shoulders forming

and lastly the weekly chart of the xgd showing the smaller head and shoulders