Considering the significant amount of energy accumulated in the gold market since the first failed attempt to breach $2000 in 2011, the subsequent breakout rally is likely to be spectacular. A weekly/monthly/quarterly/yearly close above $2100 on December 29 would likely trigger a strong advance in 2024 with an initial cup & handle breakout target of $2500, and Fibonacci measurements being $2460 and $3300.
During the current secular gold bull, which began at the turn of the century, this is the second time a more than decade-long cup & handle formation has materialized on the monthly gold chart underneath an important round number.
Well, if the above materialise, braise yourself for a wild ride in 2024. Hopefully the last missing results are great and we will fly past 10c. All iny opinion of.course, not financial advice.
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2.2¢ |
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Mkt cap ! $9.576M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 28450 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.022 |
3 | 745773 | 0.017 |
1 | 10000 | 0.016 |
1 | 330000 | 0.015 |
1 | 100000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 28450 | 1 |
0.024 | 355562 | 1 |
0.025 | 200000 | 1 |
0.029 | 3457 | 1 |
0.030 | 208334 | 2 |
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