AUDUSD Forecast April 15, 2016, Technical Analysis
The AUDUSD pair rose during the course of the day on Thursday, as we continue to try to grind higher.
Gold
AUD/USD Forecast April 7, 2016, Technical Analysis
The AUDUSD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce.
AUDUSD Forecast March 22, 2016, Technical Analysis
The AUDUSD pair had a fairly volatile session on Monday, but ultimately settled on a relatively negative candle.
AUD/USD Forecast March 17, 2016, Technical Analysis
The AUDUSD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top.
Gold Finally Breaks Away From Volatility Candle
Gold prices finished last week in bullish mood once again following the extended period of price congestion which has seen the precious metal trade within the range of the wide spread volatility up candle of the 11th February.
AUDUSD Forecast March 3, 2016, Technical Analysis
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
AUDUSD Forecast January 5, 2016, Technical Analysis
The AUDUSD pair fell during the day on Monday, reaching towards the bottom of the ascending triangle that we have been trading in.
The VPOC (Volume Point of Control) Now Significant For Gold In All Timeframes
Dithering by the FED, coupled with associated weakness in the US dollar have both combined to provide gold bugs with some much needed good news in the last couple of week, with gold rising Lazarus like from its trough of despondency in the $1110 per ounce region, to positively sparkle at the $1190 per ounce.
Gold Continues To Lose Its Shine
For gold investors and gold bugs, the current malaise in the price of gold is both relentless and remorseless with each minor rally promptly engulfed by a wave of heavy selling. As someone wrote a few weeks ago, gold bugs consider the market to be functioning correctly when the price of gold is rising, and incorrectly when the market is falling.
Panic – What Panic? Not According to Gold!
Panic – what panic. Not according to the price of gold and whilst other markets have seen extreme volatility with equities plunging, currency pairs opening gapped down, and the VIX moving violently, gold has continued to remain calm and serene throughout, with hardly a murmur to reflect the turmoil around.