Gold has not yet finished its upward cycle, in my humble opinion.
Gold has not yet finished its upward cycle, in my humble opinion.
Technician, and parity is not so far, 301 pips, so it is extremely possible.
I opened a long position of 1 lot at 0.9501 after the price fell below 50% of the Fibonacci level in the 4h graph.My Stop Loss is at 0.9460, looking for 0.9621/61.
Just out of curiosity, what foundations do you think will drive the Aud above parity now, or is it just a technical call?
I agree, but 0.9491 is my long -term trend line in the weekly graphic.It could move upwards quite fast from here, if that line of trend is correct.
I agree, but that is looking at a horizon of more than 2 months.For the next few days, my graphics show a consolidation before the next rising impulse.I will take a long position only if it breaks above 0.9681/0.9701, and then the parity will become a more viable objective.
Thank you, I see that Au will be above parity very soon.
... Discussion about the aud/USD in key support ... The AU is at a critical support level.If it breaks below 0.9471, we should see a fall up to at least 0.9401/0.9381.The fundamentals do not support the Australian dollar in the short term and the probability of a type rise is decreasing.I have opened a short position at 0.9506 with a SL at 0.9651 and TP at 0.9401.
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