G'day
I previously mentioned my flawed record on this stock. Thought I'd show the reason. Check where the circle is, I thought it was a break out but in fact the market went on to redraw the goal posts.
So currently seems to be still stuck in falling wedge.
This is possibly bullish, if the upper resistance line is broken. This line currently sits at around 12.5 (straight up) but is descending. If the line were to be broken I see the first major resistance at around 16c. If it's broken
Here's a chart and also the aus$gold chart which looks very nice
cheers
Rod
ps can't post chart for aus$gold so try this link
http://stockcharts.com/c-sc/sc?s=$GOLD:$XAD&p=D&yr=0&mn=6&dy=0&i=t22722706255&r=1715
chart for sept + aus$gold
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