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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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $363.7K | 2.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 325721 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 620809 | 16 |
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| Last trade - 14.49pm 01/11/2024 (20 minute delay) ? |
| AMI (ASX) Chart |