Did you know that you can trade commodities in the forex market? Gold is at all time highs near $1000 per ounce. The australian dollar follows gold prices quite nicely (AUDUSD). Check how this pair has been trending up along with gold prices. Now, since gold hit $1000, it may pull back now, it is hard to say if it will continue on this trend. But, since I like trading trending currency pairs, I am watching this pair closely. The daily chart looks like it is ready to break up past its recent high at 0.9496, since it retraced to the 50% just a few days ago and has staged a nice rally back up. If AUDUSD breaks this high and retests it and continues up, then I will keep buying this pair
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