Gold bulls would like to see a rally here!

 

CLICK ON CHART TO ENLARGE

The chart looks at the price patterns of the Aussie Dollar over the past 20-years.

The trend on the AU$ is up over the past couple of decades and it is down since peaking back in 2011.

The decline of late has the AU$ testing 17-year rising support and the apex of a potential bullish falling wedge at the same time.

Should the AU$ happen to hold at support and break above resistance of the falling wedge, it would send a positive message to metals and commodities.

Gold, Silver, and Commodities very much need the AU$ to hold at this dual support test!!!

 

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