The Gold ETF (Gold in Ozzie Dollars) has had a good run and rising exponentially.In early August it consolidated around the 150-Day SMA and has since risen every day for the past five days.
It is now heading into heavy weather with horizontal resistance around the 133-135 area (circled).
Above that is the 65-Day SMA and the down-trend from the June high. A breakout above that would be very bullish.
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