Tuesday, 30 June 2015

S&P 500 stuck between parallel trend lines after test of key support

AUD/USD rallies from test of key support, nearing resistance at parallel trend line

GOLD.AX looks set to rally

GOLD.AX is an ETF traded on the ASX which tracks Gold priced in AUD. The Elliott Wave count suggests that a 3rd wave higher is imminent, to be followed by a corrective 4th and then a 5th higher.