Gold Daily (AUD)- Still overall bullish.
Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
XAUAUD - This has to be the most telling of all sorties of all. While everyone continues to pile into trendy tech stocks operating in crowded consumer markets, harbouring astronomical debts, that make no profit, with PE ratios higher then Cheech and Chong. At the same time the unloved boring gold sector with low PE ratio businesses, no debt, free cash flow and...
QAU failed to close above the channel a few months ago and now looking more bearish. OBV, RSI, MACD, and volume are bearish for QAU. We could see more downside in the midterm.