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Opportunity for a long position at Gold and AUD / USD

Australia, as one of the largest gold producer and importer in the US, has seen a jump since its gold investment has returned.

On the 4h chart for gold, we see the correction started, which would probably reach 1575. Demarker also confirms the correction. After retesting support at a suitable bullish bar, we can go into a long position.

AUD / USD is moving against the gold. We see already pierced resistance that we could wait to be tested and get into LONG at a suitable bar. On a detailed chart of 1h we can see that this has already started to happen, confirming also from Demarker.


 Trader Georgi Bozhidarov


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