AUSTRALIA WE HAVE A PROBLEM
3 MORE TRADING DAYS THIS MONTH ….But if the Aussie Dollar closes here ….Gold will have a headwind at the least and a disaster at the most.
Is this not the definition of a Bear Flag >? Complete with a Death Cross of the 50 and 200 Moving Averages
Hey Look at where the Aussie Bottomed and the effect its bull move had on Gold starting exactly at that bottom.
They don’t call it the AU DOLLAR for Nothing
🙂
Meet Ozzy the Osterich….
Thanks Fully. Looks like a bear flag at first glance. If it is, we’re in serious trouble. Maybe Ozzy has the answer 🙂
🙂
Yes he does…He says…Stick Your Head in the Sand and Ignore Fully
I’ve been watching how the weekly and the monthly ended up before I get excited either way. This has been the chart that has kept me mostly bearish lately.