The Gold ETF (Gold in Ozzie Dollars) continues its march upwards.Momentum may be slowing - see the negative divergence on the MACD Histogram from the price chart.
Until it reverses decisively (watch the indicators), it is best, in my opinion to stay with the trend.
At this stage, the Gold ETF is confirming the bearish character of the market (XAO). The Gold ETF, during volatile times, tends to move inversely to the XAO.
The trend is your friend. :)
Cheers
Redb
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