Loading ...AUD and NZD rallies about to end?
Gold expressed in NZD on weekly chart looks dire… max fear… NEEDS a bounce on 30 week MA.
Same for gold expressed in AUD.
Does this mean US Dollar about to rally up? A US equities market correction. And more stalling for Gold in USD?
Have been watching the GOLD price in those currencies as well, Patrick. Also the Canadian dollar, where GOLD has executed a perfect 5 point reversal complete with back test on the daily chart. The good news for Joe/Jane Citizen is the opportunity to top up on gold at a lower price.
Yes. Since these non-us currencies have led the way before… if they bounce back up.. then they will lead the way again. Step and ladder.. always higher. Each CB in turn debasing their currencies. As long as the trend is up, all good.