Another way to view this recent move is to look at the fork. Yesterday, we hit the bottom of the channel which is why I opened my trade. Gold didn't completely crap itself last night and gold in AUD is actually holding up well. Therefore, I think we'll get our bounce today and potentially see a multi-day move to mean revert back to low 90s (low 90s by the time it reaches that mark). I've also included a few oscillators that show it's oversold and ready for a turn.
DYOR as this is far from certain but IMO the probability of a bounce off the bottom is pretty high.
AMI Chart, page-2
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 (20min delay)
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $321.0M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $225.7K | 1.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 822964 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 756716 | 23 |
View Market Depth
| Last trade - 14.08pm 06/05/2024 (20 minute delay) ? |
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Last
19.3¢ |
Change
0.000 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| 19.3¢ | 19.5¢ | 19.3¢ | 276145 | ||
| Last updated 12.38pm 06/05/2024 ? | |||||
| AMI (ASX) Chart |