The GFC panic was very direct and intense....this panic is also intense but more precautionary so we may be seeing the worst of it now..Gold is the interesting one to watch imo..current price has reached the 62% Fib and is showing some normal technical resistance, but have a look at the pointy end of the yearly MACD overlaid on this monthly gold price chart (along with the monthly macd)..if the monthly gold price can get back above its 62% resistance at around $1670.. then there will be 3 time frame MACDs in alignment..Gold could break out big time.
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Last
8,820.3 |
Change
-6.400(0.07%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,826.7 | 8,860.1 | 8,808.3 |
| XAO (ASX) Chart |