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.
Considering the significant amount of energy accumulated in the...
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Last
1.4¢ |
Change
0.002(16.7%) |
Mkt cap ! $6.385M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $31.32K | 2.229M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 286791 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 161595 | 2 |
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| Last trade - 12.38pm 24/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.002 ( 16.7 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.5¢ | 1.4¢ | 1014471 | ||
| Last updated 13.34pm 24/05/2024 ? | |||||
| PSL (ASX) Chart |