Our 3 levels of resistance. Using the 5years weekly chart, our first level of resistance is 15c, if we overcome that, the next level is 20c and25c the third level. With gold now past $1900 and racing towards $2000, we have now reached the 1st level of 15c. This will later become support with the immediate target of 20c and subsequent 25c. Gold is very bullish and TSO is continuously giving us pleasant surprises, so a target of 25c is not impossible and something to look forward to. Interest rate is going backwards and central banks are printing money like there is no tomorrow, gold may come on its own. Taking profit short term at long term expense is folly in a rising market for gold. The smart ones are buying up on each retrace. This is only a bullish opinion from a biased holder and not to be taken as advice, for advice please consult your own financial adviser.DYOR.
Charts, page-131
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $54.36M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.3¢ | $22.11K | 634.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1748057 | 7 |
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| Last trade - 14.32pm 21/10/2024 (20 minute delay) ? |
| TSO (ASX) Chart |