Published: Fri, 30 Jan 2015 02:41:27 GMT
The recent decline in Silver may have marked the end of an ABC correction which would now require an impulsive move lower to unfold.
Published: Fri, 30 Jan 2015 01:34:23 GMT
A close below 77 over the weekend would be further blow to bulls (if there are any left). That said I suspect RBA keeping rates on hold next week should finally see a bounce.
Published: Fri, 30 Jan 2015 00:35:44 GMT
Whilst the media attention has focussed on GoldUSD and AUDUSD it should be remembered that Gold against the Aussie could also make a good play leading up to next week's RBA decision.