Gold cannot be left alone without its currency AUD. In fact copper shows the same symptoms of a sideways correction. All three have been just standing there doing almost nothing since 2011. AUDUSD has a potential contracting triangle in the making and also a massive upwards channel but it needs a touch first. I admit this is a very long shot but I just keep this chart in mind for the next months.
In the short term AUDUSD has some upwards potential if it can break this up.
No comments :
Post a Comment