...well, two of my forecasts have arrived. AUD dipped below 68c and Gold (US) is now at the all important $1790 level.
You can see the Christmas tree completed with the 5 year chart. If $1790 does not hold, Gold is in some trouble. If it does not hold after 2-3 attempts it says something, if it does hold after one attempt, it says a bigger something.
I like to buy XAU (AUD Gold) below A$2600 but even at this $1790 level, XAU is still above A$2600 at A$2633. Yes, thanks to the lower AUD.
