The Gold ETF (Gold in Ozzie Dollars tradable on the ASX) is now clearly in an impulsive wave upwards.If you're on board, there's nothing more to do but enjoy the ride.
I'll use either the 13-Day SMA or the Parabolic SAR as a take-profits marker.
Last night, the Gold ETF got a double whammy. A rise in the price of US$Gold and a fall in the Ozzie Dollar - that provides double leverage for the Gold ETF.
The Gold ETF is currently up about 2% in this morning's market.
Good luck
Red
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