QAU Potential breakout Good way to play USD gold if based in Australia. XAUUSD looks to be breaking out with a pull back to the trend line and 100dma. Volume is Increasing, Looks likely it’s going to bounce of these support lines and continue its run. Measured move profit target of $24.31 based on the height of the wedge.
QAU trade ideas
Gold Gold Gold, Trending up Strong!Gold has been up undisputably. Investor are kept pumping in Cash!
US $ will get weaker but Gold will be Up and Up. more Value than Paper money.
Strong trend that shows bullish in All MAs after years of consolidation.
Where it ends , I don't know but keep riding the waves are smarter choice.
Keep going QAU !
1) Target $21
QAU etfQAU etf has broken out
on the month chart. bullish as gold is also bullish
the central bankers are still inflationary even with their
increasing interest rates. Govt spending is still
through the roof to maintain this bubble effect.
18.92 will be retested again in the coming months.
and if a breakout will happen, expect QAU to double
and gold to be circa $3000 USD