Depends on whether you already have AUD Gold (not stocks).
If you do not, this is what I tell my own sis.
Start building a position, but don't spend all your $$, so when it retraces (either Gold drops or AUD moves up or both), you can add more. This way, you won't miss the run if it continues higher, because when the rally begins, it can move pretty quickly.
But if you already own like half of what you desire, then I would wait for a retracement.
Bearing in mind, we should not be inclined to trade secured position, as it is meant for the long run.
AUD Gold is a great way to hedge against our falling AUD purchasing power (as you already know looking at the historical charts).
I'm inclined to think that AUD would fall below 60c. And Gold has been rather resilient in the face of rising USD.
