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.
- Forums
- ASX - By Stock
- BDR
- Gold price
Gold price, page-3651
-
- There are more pages in this discussion • 10,075 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online