Where is Gold Trending at the moment? A good question, champ. The long term trend for Australia dollar gold is still up, just. The medium term and short term trends are down.
That's all well and good for those who are invested in gold and who are prepared to take a long-term view. For those invested in Aussie gold shares, the long-term trend is uncertain, the medium term trend is up (thanks to the relief rally since the November lows), and the short-term trend is down.
The trend is indeed my friend. But is it yours?
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