RogueCleaner

GOLD priced in AUD ... DID not break out

FX_IDC:XAUAUD   GOLD / AUSTRALIAN DOLLAR
It looked as though the price of GOLD had broken out mid week if you examined the candlestick chart but the GOLD price retreated by friday. We check the closing price using the line chart and see that breakout had actually failed to eventuate.
We will wait for the coming months to see if the momentum moves to the upside. Will the AUDUSD move higher/lower. this will greatly effect the price of GOLD in AUD.
Penafian

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