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.
Key stats
About BETA GOLD ETF UNITS
Home page
Inception date
May 3, 2011
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
BetaShares Capital Ltd.
ISIN
AU000000QAU7
The investment objective of the Fund is to provide an investment return, before fees and expenses, that closely tracks the performance of the price of gold bullion, with a currency hedge against movements in the AUD/USD exchange rate.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
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 go
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 break
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.