From a local gold equity tracker perspective, the nig boys obviously drive this index. The 3 weekly big momentum selloff candles went straight to the support and basically rangebound for about 2 weeks before a gold price selloff last night triggered another dangerous break of support again. Interesting to note that if you just extend a LT trendline to the majors, it all points to value still has some falls intot the ST future.
The previous peak-trough took 31 weeks to complete, currently 19 weeks so I am expecting the cycle is just less than half in the cycle. Obviously, everyone is looking back to find patterns, technical levels, time cycles, etc. Only for those interested in the chart technical aspects and I am not inferring I know what the future is.
Chart - TA, page-231
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Last
$1.24 |
Change
0.010(0.82%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $4.933M | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13069 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 108282 | 7 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |