On the 60 minute chart below we see the XAU AUD$ gold more bullish than its US$ denominated counterpart. moving averages have crossed the 200 hour moving averages and the chart pattern presents itself as a bull flag. on the other hand a person with bear glasses on could call it a triple top. it is more likely a bull flag in my eyes.
On the daily chart we see moving averages converge and momentum indicators green reflecting a break higher a likely possibility.
