Gold ETF is trading in a range at the top of the recent parabolic rise.A break either up or down from that range will decide future direction.
This provides confirmation of the recent trading range on the XAO - Gold ETF tends to trade inversely to the general Australian stock market. In sideways action - both will be trending sideways.
So - we shall wait on the market to tell us which way it is going.
Cheers
Red
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