Big drop in sp on this announcement! Exceeding my forecast Fib 38% retrace as per my Post #: 71844128
It has smashed through the Fib 50% retrace and so far has bounced off the Fib retrace of 62% ($3.19)
The DXY is up again to 103.31 continuing the formation of RH shoulder. Au is on track to form an intermediate Low. The ducks are lining up nicely for the SPP at the end of the month. I'm revising down my SPP target to $2.92 being the 23.6% Fib retrace on the 5 Yr EVN chart.
If PoG hits an Intermediate L of US$1980 - $2000 as the SPP date closes, retail participants could well be in for a bargain around the March 2023 L of around $2.55
Well @coto what do you reckon?
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