You could be right in the short term. Here is the longer term Weekly GOLD chart.
The Handle is still being worked out after the big Cup was formed and concluded with a reversal candlestick. The longer term chart points to POG drifting back to the first horizontal support line at 1500.
Trade the short term price trends, but be aware of this longer term price target.
Look at the 2011 POG high. History might repeat itself.
Ann: Quarterly Activities and Cash Flow Report - Sept 2020, page-66
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 (20min delay)
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Last
$1.61 |
Change
0.060(3.87%) |
Mkt cap ! $1.744B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.63 | $1.59 | $13.27M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 154248 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 4364 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.62 |
Change
0.060 ( 4.58 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.63 | $1.59 | 1357056 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| GOR (ASX) Chart |