AUDUSD lOOKING TO GO LONG
Updated
AUDUSD & GOLD have a positive correlation, because Australia is the 3rd biggest Gold producer, so I believe as the price of Gold increases, so will AUD and from technical stand point we're looking for a a re-test of daily trend resistance and continuation of the up trend over the course of the week.
Trade closed manually
CLOSED AT 100 pips profitNote
(For my journal) Trade going well, I still envisaged price breaking out, so in a couple weeks, hopefully we'll see signs of bulls taking AUDUSD up.
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.