Even Aussie losing to gold. Need to be careful seems a bit extended and 61.8% retrace of swing low is approaching. Should form a nice consolidation area before we go higher unless bonds and equities unravel
This Market going through heavy consodration at this moment from week time frame too hours time frame at this moment, we holding up for market to decided to break up and buy high or probably sell
(SELL LOW) FX_IDC:XAUAUD
In this 10-minute video we aim to explain what's happening in the bond market, and as a result its implications to the USD, to stocks, the USDJPY and gold. Today's US Consumer Price Index (CPI) data due for release on Wednesday at 1230 GMT may be already priced in and prices may not display logical textbook reactions.