Just opened my screen,and what a pleasant surprise to find the XGD moving upwards.I mentioned yesterday that above the 38.2% could be significant.
The good news is that NCM has joined its flock,to also close 29.96 for first time above 38.2% Fib(29.51 from 2010 high/2012 low)
The( ASX ALL ORD GOLD) XGD chart looks better today (3 days in a row closed above 38.2%.
Where to from now,take your pick
Could be the 50%
Could be the 61.8%
Could be my Feb high target
Could be 100%
Nerves will be tested
XGD CHART
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Just opened my screen,and what a pleasant surprise to find the...
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Mark Waller, MD
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