The window of October opportunity may be moving to close as we move through this week.
The US gold indices are consolidating in what appears to be a bull flag.They are just under overbought conditions so a spike high might well come this week.
The Aussie has had a bounce (if you can call it that) off its low but its hard to see any real upside until the Fed reverts to dovishness which doesn't seem to be coming anytime soon.
Or of course, the the Bond market starts to break.
The broader markets are perched precariously as we remain in crash territory.
Considering that official interest rates can't be raised here then the Aussie remains at risk if liquidity continues to tighten.
Aussie dollar gold at $1725 ish.
Bottom here?, page-343
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Last
58.5¢ |
Change
0.025(4.46%) |
Mkt cap ! $1.245B | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.5¢ | 56.5¢ | $5.071M | 8.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 75232 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 86229 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |