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GOLD/ AUD - Time to Buy

Long
OANDA:XAUAUD   Gold/AUD
Well, the time has come to pick up some more of the yellow metal down under.


As you can see, the pullback i forecast has played out quite nicely and is now presenting us with a nice opportunity to participate in the potential subsequent move higher.

I would place a stop at a close below the Vol stops


Other than that, the price action and the macro environment is nothing but bullish for gold (and indeed silver ).


- TradingEdge

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