There's a nice strong support at .40c'ish' ...me thinks the market is waiting more data to confirm how the us economy is recovering.
Gold dropped on the release of FOMC meeting excerpts...of course they will continue to reduce their QE. anything other than that will result in faltering confidence (good news for gold i suppose). So i think it's been expected that gold's rally will drop.
i'd expect further data (CPI/ jobless claims) to show some weakness in the us economy, and that would help gold's pricing in the short-medium term
speculation ofc, and only time will tell
chart, page-89
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Last
$2.60 |
Change
0.070(2.77%) |
Mkt cap ! $3.577B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.65 | $2.59 | $19.04M | 7.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 98718 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 103157 | 2 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |