Nice fancy chart that is 1 day out of date. Look at gold daily TF now!!!
Here is the formula, non technical for us layman,
USDX up generally speaking POG down = valuation of SLR down and all gold in the sector. Unless AUDUSD come crushing down, then the general formula applies.
The support broke and closed below using your pin bar low of last year is even more significant to the bearish nature of those holding this stock. All I am saying that this could be a good buy at this ultimate low a couple of years but if you think the POG does not play a part for future direction than maybe its for the long term!.
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