• This Chart Might Actually Be Bullish For Gold

    8 monthes ago - By ETF Daily News

    Technical analyst Chris Kimble looks at an important currency chart and sees potential for a commodity rally if things break down further.
    The chart looks at the price patterns of the Aussie Dollar over the past 20-years.
    The trend on the AU$ is up over the past couple of decades and it is down since peaking back in 2011.
    The decline of late has the AU$ testing 17-year rising support and the apex of a potential bullish falling wedge at the same time.
    Should the AU$ happen to hold at support and break above resistance of the falling wedge, it would send a positive message to metals and...
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