Re: daily chart looks more like a bearish inverse hammer than a doji IMO.
However it did touch declining channel support on the close, so we may get a brief snap back to $9 or therabouts if Gold can hold ground tonight.
Interestingly the local XGD index closed right on 2000, an all time low on a closing basis. One might view this as a potential double bottom otherwise, although I wouldn't bet on it due to gold breaching US$1250 support last night, looks to be heading sub $1200.
NCM Price at posting:
$8.70 Sentiment: None Disclosure: Not Held
