This monthly gold chart demonstrates the beauty of using simple trend line for accurate technical analysis in long term chart, as the old sayings go "Simple is the best, Less is more."
Gold is at the critical junction at the moment. It looks like it will have a breakout of the bullish flag formation ( the descending broadening wedge), or it will fail here and...
This is a short term trade in AUDCHF, after breaking the descending trendline, we believe that momentum would likely continue to the upside, therefore we will be buyers if price moves to the 0.68639 level.
