I can tell you one thing about golds movements of late and that is the net buying has been more lopsided than any other market I've seen for a long time.
Price may have bounced around but buyers have been grabbing everything available on the way up and the way down.
Consolidations - buying
Run ups - buying
Pullbacks - buying
I'm not sure what's coming or when this ends but whilst this pattern remains dips should be bought.
You'd have to think a retest on 2375 (at least) would happen sooner rather than later...
*NST has been tracking the underlying market so hopefully gold keeps reading from the same script..
I can tell you one thing about golds movements of late and that...
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Last
$16.81 |
Change
0.300(1.82%) |
Mkt cap ! $19.32B | |||
| Open | High | Low | Value | Volume |
| $16.56 | $16.89 | $16.51 | $67.07M | 3.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1482 | $16.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.89 | 1238 | 3 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |