GoNuke,
I think $1000/Oz is a BIG resistance level for gold and most traders would exit and wait and see. A breakout over $1000 would be the next buy signal. This probably translates into a cap of 29c for IAU for now.
IAU has great fundamentals so would expect good news to ultimately push the price up, but you need to decide if you are a trader or a longer term investor.
60c price target recommendation , page-6
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Last
42.0¢ |
Change
-0.020(4.55%) |
Mkt cap ! $239.7M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.0¢ | $593.6K | 1.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50002 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 12108 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| A1M (ASX) Chart |