{"id":16380,"date":"2018-06-28T06:16:18","date_gmt":"2018-06-28T06:16:18","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16380"},"modified":"2018-06-28T06:51:44","modified_gmt":"2018-06-28T06:51:44","slug":"aussie-gold-breakout","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/28\/aussie-gold-breakout\/","title":{"rendered":"Aussie Gold breakout"},"content":{"rendered":"<p>The All Ordinaries Gold Index broke through resistance at 5250, signaling a primary advance with a target of 6000. I remain cautious while the Dollar-price of Gold is falling; respect of Gold support at $1250\/ounce would strengthen the bull signal.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"All Ordinaries Gold Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-06-28-xgd.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The Aussie Dollar continues to fall, boosting local gold stocks.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"AUDUSD\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-06-28-audusd.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Despite the Dollar-price of gold heading for a test of primary support between $1240 and $1250. Trend Index peaks below zero flag selling pressure. <\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-06-28-gold.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Largely because the Dollar is strengthening, with the Dollar Index breaking through resistance at 95 to signal continuation of the recent advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dollar Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-06-28-dxy.png?w=525&#038;ssl=1\" \/><\/p>\n<p>A sharp fall in China&#8217;s Yuan is unsettling global financial markets. <\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dollar\/Yuan\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2018-06-22-cny.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The normal response to uncertainty is a flight to safety which boosts the Dollar, Yen and Gold. But this looks like a straight arm-wrestle between the Yuan and the Dollar, with strong demand for the greenback weakening the Dollar-price of Gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The All Ordinaries Gold Index broke through resistance at 5250, signaling a primary advance with a target of 6000. I remain cautious while the Dollar-price of Gold is falling; respect of Gold support at $1250\/ounce would strengthen the bull signal. The Aussie Dollar continues to fall, boosting local gold stocks. Despite the Dollar-price of gold &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/28\/aussie-gold-breakout\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aussie Gold breakout&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39,42,9,35],"tags":[166,292,678,1073,3204],"class_list":["post-16380","post","type-post","status-publish","format-standard","hentry","category-aussie-dollar","category-chinese-yuan","category-gold-precious-metals","category-us-dollar-index","tag-all-ordinaries-gold-index","tag-australian-dollar","tag-chinese-yuan","tag-dollar-index","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aussie Gold breakout - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aussie Gold breakout - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The All Ordinaries Gold Index broke through resistance at 5250, signaling a primary advance with a target of 6000. I remain cautious while the Dollar-price of Gold is falling; respect of Gold support at $1250\/ounce would strengthen the bull signal. The Aussie Dollar continues to fall, boosting local gold stocks. Despite the Dollar-price of gold &hellip; Continue reading &quot;Aussie Gold breakout&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/28\/aussie-gold-breakout\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-28T06:16:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-28T06:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2018-06-28-xgd.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Aussie Gold breakout\",\"datePublished\":\"2018-06-28T06:16:18+00:00\",\"dateModified\":\"2018-06-28T06:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/\"},\"wordCount\":146,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2018-06-28-xgd.png\",\"keywords\":[\"All Ordinaries Gold Index\",\"Australian Dollar\",\"Chinese Yuan\",\"Dollar Index\",\"Spot Gold\"],\"articleSection\":[\"Aussie dollar\",\"Chinese Yuan\",\"Gold &amp; Precious Metals\",\"US Dollar Index\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/\",\"name\":\"Aussie Gold breakout - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2018-06-28-xgd.png\",\"datePublished\":\"2018-06-28T06:16:18+00:00\",\"dateModified\":\"2018-06-28T06:51:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2018-06-28-xgd.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2018-06-28-xgd.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/06\\\/28\\\/aussie-gold-breakout\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aussie Gold breakout\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aussie Gold breakout - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Aussie Gold breakout - the patient investor","og_description":"The All Ordinaries Gold Index broke through resistance at 5250, signaling a primary advance with a target of 6000. I remain cautious while the Dollar-price of Gold is falling; respect of Gold support at $1250\/ounce would strengthen the bull signal. The Aussie Dollar continues to fall, boosting local gold stocks. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4gc","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":16524,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/06\/gold-dollar-and-the-yuan\/","url_meta":{"origin":16380,"position":0},"title":"Gold, Dollar and the Yuan","author":"Colin Twiggs","date":"July 6, 2018","format":false,"excerpt":"China's Yuan fell sharply over the last 3 weeks, with the threat of US trade tariffs. Risk of capital flight will force the PBOC to sell foreign reserves to support the Yuan. It took $1 trillion to stem the last fall, so expect a sizable sell-off in Chinese holdings of\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17197,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/10\/20\/gold-bear-rally-boosts-aussie-miners\/","url_meta":{"origin":16380,"position":1},"title":"Gold bear rally boosts Aussie miners","author":"Colin Twiggs","date":"October 20, 2018","format":false,"excerpt":"China's Yuan broke support at 14.50, warning of another decline. A weaker Yuan is likely to lead to Dollar strength. The Dollar Index respected support at 94 and follow-through above 96 would confirm another advance. A strengthening Dollar would weaken demand for Gold. Gold broke resistance at $1210\/ounce, commencing a\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16712,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/21\/gold-breaches-primary-support\/","url_meta":{"origin":16380,"position":2},"title":"Gold breaches primary support","author":"Colin Twiggs","date":"July 21, 2018","format":false,"excerpt":"The Dollar price of gold breached support at $1240\/ounce, signaling a primary down-trend. A long tail indicates active buyers and we can expect retracement to test the new resistance level at $1250. The Dollar Index continues to test strong resistance at 95. But Chinese selling to support the Yuan has\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17806,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/29\/gold-and-the-dollar-direction\/","url_meta":{"origin":16380,"position":3},"title":"Gold and the Dollar direction","author":"Colin Twiggs","date":"January 29, 2019","format":false,"excerpt":"Crude Oil (WTI Light Crude) respected support at $45\/barrel, with turmoil in Venezuela raising concerns over supply. Breakout above $55 would signal another rally but declining peaks on the Trend Index warn of selling pressure. Expect another test of $45. Breach of support would signal a decline to test the\u2026","rel":"","context":"In &quot;Chinese Yuan&quot;","block_context":{"text":"Chinese Yuan","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/chinese-yuan\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16654,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/14\/gold-tests-support\/","url_meta":{"origin":16380,"position":4},"title":"Gold tests support","author":"Colin Twiggs","date":"July 14, 2018","format":false,"excerpt":"China continues to support the Yuan and we can expect consolidation around 15 US cents. Threat of trade tariffs is weakening the Yuan, forcing the PBOC to sell off foreign reserves to prevent a downward spiral as investors flee and borrowers hedge against the stronger Dollar. PBOC sale of foreign\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17277,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/03\/crude-reversal-undermines-gold-rally\/","url_meta":{"origin":16380,"position":5},"title":"Crude reversal undermines Gold rally","author":"Colin Twiggs","date":"November 3, 2018","format":false,"excerpt":"Nymex crude broke support at $65, warning of a primary down-trend with a medium-term target of $56\/barrel. Crude and gold tend to rise and fall together, over the long-term, and falling crude prices warn of gold weakness. The bear rally in Gold is likely to meet stubborn resistance at $1250.\u2026","rel":"","context":"In &quot;Aussie dollar&quot;","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16380"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16380\/revisions"}],"predecessor-version":[{"id":16384,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16380\/revisions\/16384"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}