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Goldcartel

Chart updateCatalyst: AUD Employment Change 5.9K AUD Jobless Rate 5.2% RBA - The central bank will keep doing what is necessary to meet the 3-year yield goal - GDP could significantly fall in the second quarter and remain subdued in Q3 - Risks in commercial property warrants close monitoring (BBG) RBA Governor Lowe - Likely that Y/Y inflation will be negative in Q2 - Not seeing signs of any stress in the Australian financial system - Will have low-interest rates for a very long time PS: This trade fails if it can breakout and close below the support
Long
by GoldCartel
14
AUD/USD UpdateAUD Employment Change 5.9K AUD Jobless Rate 5.2% Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours. So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further to make a new high. My sentiment remains bullish, and the final potential target is at 0.66416 PS: This analysis fails if it breakout and close below 0.62637
Long
by GoldCartel
9