Just playing with some tools to find some long term targets.
XAUUAS Week
Fibo extension 1.61 comes in exactly at the swing points I was looking at last week should the breakout happens. AB=CD pattern has a much more optimistic level off the chart at the moment so dreamland stuff. DXY determines the direction of risk ccy as well as gold. I would ot expect much happening until tomorrow as the players jockeying for positions for Friday's NFP. It will take a brave poster to guess how price will react.
Just observing and knowing that any positive move by AUD will likely be temporary as the markets waits for more economic news to gauge likelihood of the next rate cut!
