That's because people don't like when I talk down on gold. The reality is we have to move down so we can move higher. Every tom, dick and harry is long on gold right now, so order books need to rebalance and longs need to be flushed out. I'm on the road, but have attached a crude chart of the pattern I see playing out. Basically we could see a flush to 1100-1140 where I would be an aggresstive buyer of RSG and gold contracts. There is a huge inverse weekly H&S which points to 1450 as a long term target. So down to 1100-1140 to go up to 1450 - makes sense?
That's because people don't like when I talk down on gold. The...
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Last
41.5¢ |
Change
-0.020(4.60%) |
Mkt cap ! $883.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 40.8¢ | $3.549M | 8.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 305340 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
-0.020 ( 3.43 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.0¢ | 40.8¢ | 3757896 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RSG (ASX) Chart |