XSO 0.32% 3,011.6 s&p/asx small ordinaries

My analysis of Gold : Still in a trading range but within a bull...

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    My analysis of Gold :

    Still in a trading range but within a bull trend. No indication of next move.

    GLD.JPG

    The recent strength in the $A has resulted in Gold in AUD terms breaking down out of a trading range.

    However, the commencement of the correction in a number of markets may likely bring back some weakness to the $A.

    I have a new (orange coloured) trendline on my chart as a line in the sand to this overall uptrend.

    XAUAUD.JPG
 
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