Head and shoulder pattern now complete. Price will usually head north from here if the fundamentals are intact, which we know they are.
Also good to see with every major pullback, each bottom is higher than the last bottom. So trend is up, albeit slowly.
Some people still dont seem to understand the USD correlation to the PoG, so here is a USD chart that clearly shows it. DXY had a run up over the last ~10 trading sessions, whilst Gold went south. Looks like DXY has double topped for now, so it might get a decent pullback here, meaning we'll get a run on gold. With the CAI chart at a nadir, it presents an excellent entry point..
CAI Chart - technical analysis, page-293
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 (20min delay)
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $105.8M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $73.02K | 581.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 912453 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1148186 | 14 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.5¢ | 347324 | ||
| Last updated 15.55pm 30/05/2024 ? | |||||
| CAI (ASX) Chart |