FX_IDC:XAUUSD has sold off recently along with the rest of the market. However, it appears to have found a bottom and has rebounded to a tradable entry point. As always please manage your risk before entering any position.
Gold has risen over the last year due to the pandemic, inflation due to excessive money printing and now the conflict in Ukraine.
GDXJ - the junior gold miners have broken out of their down trend channel and has retested. Once the price of gold hold up there should be a lot of upside potential for gold miners. If they can control the cost of extraction then they...
Continuing from my previous idea that EURAUD should continue it's upward movement as it has broken through multiple levels of resistance. The pair is now forming what appears to be a W pattern. If you missed the previous entry point this may potentially prove to be another good entry level.
EURAUD has held long-term support and cleared to levels of resistance. It is at a good entry point for long trades as it has broken out to the upside and pulled back to support.
Target 1 around the 0.318 fib level.
