I think DXY will hit the upward sloping line from May 2011/May 2014 and bounce off.
Likewise the EUR/USD test the downward sloping line from May 2011/May 2014.
Gold's bear market ended at the end of 2015. There was low in December 2016 coinciding with a high in the DXY, but that was a higher low than at the start of the bull market.
Now Gold's going to test the current bull high of 1377. There's a lot of auto-buying that will kick in if it clears that, and if successful Gold will have a clear runway to at least the 1400-1415 area.
Beadell is another story. No faith in them until they get their act together, if they ever do.
- Forums
- ASX - By Stock
- BDR
- Gold price
Gold price, page-13575
-
- There are more pages in this discussion • 151 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online