Wake Up Everybody !!!
Whist everyone is fixated with gold in US Dollars…
AUD – New all time highs
CAD – we just need approx. $1775 for a 7 year wedge breakout ($1760 as I type)
EUR – We have broken up and out of a 6 year wedge
GBP – We have broken up and out of a 7 year wedge
INR – We have broken up and out of a 5 year wedge
JPY – Right on the verge of a breakout of a 6 year wedge
CNY – We have broken up and out of a 5 year declining resistance line and are now about to break horizontal resistance
TRYG – Turkish Lira didn’t experience a bear market
NZD – New all time highs
CHF – We have broken up and out of a 6 year declining trendline. We then had a perfect apex hit where this intersects rising 10 year support. Price now rising fast.
Still need convincing ? Consider gold priced in the World Currency Unit https://en.wikipedia.org/wiki/WCU_–_World_Currency_Unit
International Breakout Dance!! But Uncle Sam is late to the party it seems…
TradingView symbol for Gold/World Currency Unit is “FX_IDC:?XAUWCU” . I can’t find any related symbol for world currency unit on stockcharts.com 🙁
WAKE UP INDEED !
Great stuff NorthStar !
World Currency Unit ? That’s a new one for me and I am sure for most here.
Where did you discover that one NS ? That’s an index worth following.
Amazing we have not heard of it ….someone contact Stock Charts.
Thanks Fully. I stumbled across it on the list of options when you type ‘XAU’ into the ticker box on goldprice.org It seems to be an accurate reflection of all the other charts I posted showing gold price breaking out in currencies around the planet. This doesn’t have the feel of continuing bear to me. It looks, feels and smells like the rounded base and wedge formations in numerous global currencies are shouting ‘bull market awakening’. If it looks like cabbage, smells like a cabbage and tastes like a cabbage, it usually is a cabbage 🙂
This WCU thing looks like it could be the basis for a One World Currency. Its not widely know , that’s for sure.
Very Interesting and something to keep an eye on !
All for one and one for all
🙂
Meanwhile Gold is up $6 while the US Dollar is also up vs most currencies.