XLaboratories

AUD/USD GOLD correlation (STRONG SUPPORT AREA)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD has reached a very deep bottom and now momentum is changing. being a strong gold correlated currency it has the potential for a long term bullish trending behaviour.
Remember to keep your SL moderately tight and to let the profit run...this is not a rush but a marathon instead.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.