BDR 0.00% 6.5¢ beadell resources limited

Gold price, page-3651

  1. 7,702 Posts.
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    I see it somewhat differently. I see a state between $1300 (approx. Support, nice round number), and 1360, remaining roughly smack in the middle for a while now. Call it equilibrium if you like. So people are confused.
    This is reflected in ASX goldies, ...look at all of them, about 1/2 up, about 1/2 down (and a bunch unchanged, of course), day after day (am not referring to the weighted XGD) - but sadly more down than up today. (I have a big watchlist but not all ASX golds...if I could get such a list and import them, I would),

    This is my chart below - the red candle of June 28 - low of 1,305.08, was the last attempt to run the stops (banks actually buying into that level) before the next green candle (i.e. a pair) re-starting the push of price up to the high of 1,360's, rejecting $1,370.

    The top of the reddish rectangle, $1,326.07 is Support.
    We have held that recently, and are at this moment at about $1,325 even, not the first time it has been breached (but may close below) in this current leg down. i.e. it's been tested, but closed above, the last 5 sessions.
    I don't know where it will close at end of session, which I believe is 7 am AEST tomorrow (5pm NY Time, Wed), and re-opens after a one hour break.
    Perhaps it will close above. I don't know.
    Last edited by wombat53: 20/07/16
 
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