Been eyeing this for a few days and it’s pulled back into this decent fib zone. Fundamentally gold is strong & commodity strength = AUD strength, and chf being a safe haven tends to follow the dollar & since we have dollar rate cuts coming (dollar bearish) it’s safe to assume some moderate chf easing to go with it. There is plenty of room for this to run up but if this area fails and fundamental conditions stay the same, lower entries can be entertained. Trade Safe, Trade Smart & Trade with Precision!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.