HAV 2.38% 21.5¢ havilah resources limited

June 2020 gold futures was at US$1,735/ounce this morning. Spot...

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  1. 3,538 Posts.
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    June 2020 gold futures was at US$1,735/ounce this morning.

    Spot gold is currently trading at US$1,708/ounce this morning.

    Delta of US$27/ounce.

    A$/US$0.6318.



    Extract: Our technical studies indicate that there is solid support for gold pricing at US$1,662, which corresponds to the 38% Fibonacci retracement of the entirety of the rally which began at US$1,465 and topped out at US$1,788. There are multiple levels of minor resistance based upon recent market tops, with the first level occurring at US$1,754, another level occurring at US$1,773, and the yearly high of US$1,788.

    The brass ring continues to be gold closing above US$1,800 per ounce and that is where major resistance occurs.

    Cheers

    These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
 
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