The Gold ETF on the ASX is, like the XAO, in a holding pattern. The ADX is showing a non-trending market.The chart and the 150-Day SMA are in a slight incline upward - but not enough to be convincing that this is a tradable trend. The ADX is below 15 - a non-trending market.
Let's wait and see.
Patience is the greatest virtue in trading. Wait and wait and wait. When the sideways shuffle finishes - and that could take a while - that will be the time to act. But until that ends - we shall wait and wait and wait.
Cheers
Red
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