As you know, I'm keen about the Gold ETF (ASX) as a hedge against falls in the broad Australian stock market and/or as a counter trend play to the broad market.As of Friday's trading in Australia, the Gold ETF is at a key support level.
On Friday night (America), Gold measured in Ozzie Dollars had a good rise.
Given the confluence of indicators, a bounce here is positive for the Gold ETF and negative for the broad market.
Cheers
Red
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