Without any news to discuss one has to look at the charts to gain a measure of market sentiment.
Despite the POG falling in AUD, GCR has maintained its trend up. It is atm holding in at between 2.2 and 2.4. This is where the real action is happening - its fueling up for the trend continuation.
Today buyers have taken out 2.4c and are now looking at 2.5c. This is the upper limit of resistance and, once broken, will form strong support.
When will this level break. I'm hoping this level will break on confirmation of the POG heading up again to 1000 USD. But those who are buying atm might have a different agenda!
GC
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.194M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| GCR (ASX) Chart |
Day chart unavailable