simple.
USD dollar is finding support which means the rally in gold will take a break as the USD rallies. The sentiment from the US gold market drives Australian sentiment in the Australian gold market.
Ultimately, for a while, gold is likely to come down and test support around $1750. This will offer a great buying opportunity in gold miners for those with cash.
Thereafter, gold should continue its major and massive bull run.
DYOR.
Good luck.
EVN chart, page-614
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Last
$5.04 |
Change
-0.010(0.20%) |
Mkt cap ! $10.02B | |||
| Open | High | Low | Value | Volume |
| $5.07 | $5.10 | $5.02 | $81.84M | 16.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14558 | $5.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.05 | 73949 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| EVN (ASX) Chart |