Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
I see AUD/NZD has fallen thro its 200 day SMA for first time since early Jan yet I cannot see it going below 78.6 retracement of current yrly lows at 1.2216. Arguably NZD has benefitted most from equity rises and should fall most ..What are your views on the pair?
kind regards
Raulin