Wow - the power of the FED - announces at 2pm and capow, the US$ falls and the POG goes up 2.5% (US$50/oz) by close of the market, creating a whooper of a green candle and in the aftermarket is continuing to track higher - so, looks like 1975 confirmed as very firm support, while next resistance is 2075. Technically this is a bullish setup.
The A$POG chart seems to have confirmed 3000 as support with next resistance around 3100 ....
It appears "inflation coming under control" (for whom?) and the "economy somewhat weaker" ( no shite sherlock ).
So, resume Panglossian Position and continue wearing 'rose' (RED) coloured glasses ??
There remains a disturbing number of "black swans" circling the world economy, so buckle up, take profits when you see them, and merry Xmas.
Ann: Change in substantial holding, page-17
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 34.5¢ | $18.03M | 50.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 588995 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 407514 | 10 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |