Gold bugs watching Aussie Gold to see how buyers react as price is in a potential buy zone

Commodity Review

XAUAUD – Gold in Aussie Dollars

Gold has had a couple of strong rallies the last week although Gold in terms of the AUDUSD has fell away from resistance around 1765. The pullback is what we were waiting for to now drill down into individual stocks which are building high probability setups. We still expect some more ground work to be put in on Aussie gold but it is stretched into a prime zone.

 

Index Code : XAUAUD – Gold in Aussie Dollars

Current Price : 1712.60

 

XAUAUD

 


Previous Alert 12/10/18

Commodity Review

XAUAUD – Gold in Aussie Dollars

Gold had a very big night in the US session as did Gold in Aussie Dollars terms. We see the potential now for some action in the Gold stocks as the sector, sown in the chart below, is in a good zone to hold a higher low. We are now watching some of the GOLD stocks for high probability setups.

 

Index Code : XAUAUD – Gold in Aussie Dollars

Current Price : 1716.43

 

XAUAUD

 

XGD – Gold Sub Index