While there are a number of fundamental factors at play, from a technical perspective the divergence of gold prices from the AUD/USD today presents an interesting trading opportunity. In the long term and short term, gold prices and the AUD are paired. While the day to day moves are not a perfect mirror a divergence as big as the one we are seeing today is rare. Investing towards a reconciliation in favor of the market that has been moving the most, gold in this case, is a good trade.
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