For me gold is still trending in a channel between $1803 and $1522 (daily chart) if you are looking medium term.
Demon is right when looking in the short term. It has broken out below $1612 which was a key resistance level short term.
So you could argue both your points.
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Last
$1.12 |
Change
0.010(0.90%) |
Mkt cap ! $339.9M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.12 | $1.08 | $925.5K | 837.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8032 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 34821 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ACF (ASX) Chart |