Gold Futures didn't have that follow through selling once the price broke down the TL. A quick Thrudsay reversal back up then hitting another TL resistance, which way will the price finally break?
Longer term, the trend is still up so technically that favors a price to breakout eventually.
I was looking at this reversal pin bar with interest but alas I didn't pull the trigger for the purpose of some diversification of sector and stocks within the sector. Flip to the weekly, it was a 'rough" 2 bar reversal and successfully navigated through the CR $1.10 price level. I feel a bit more comfortable as the stop raiding does appear to be completed wiping out the ST bears in the process.
Chart - TA, page-3954
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Last
$1.22 |
Change
-0.025(2.02%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $4.502M | 3.703M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32320 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 19426 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |