This is a basic chart of the US 500 I was showing some friends.
Hitting on a major support line at the moment and probably needs to consolidate or bounce a little from here before the next leg down starts so that probably works against Gold's favor (short-term).
The next leg up in Gold should coincide with the next leg down in equity markets.
I bought a few pilot buys in some Goldies this morning.
If Gold goes down I may even be able to get them "Cheaper" later in the week ha.
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Last
8,941.5 |
Change
15.300(0.17%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,926.2 | 8,970.0 | 8,915.5 |
| XAO (ASX) Chart |