Unfortunately, I don't like the look of the current candle, a bearish pin bar at the swing high. From the chart I posted last week on the potential confluence of TLs, the price went into that region and promptly sold off.
There was a lot of commentary globally on the divergence between the gold miners and the gold price. I can see it for quite some time but can't explain it or find a logical explanation. Some things are not to be understood! lol Not for us little guys anyway.
Gold price closed last week at an ATH. There are plenty of opinions as to what generated such momentum but the chart never lies when it comes to the footprints of the market participants.
Chart - TA, page-3999
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Last
$1.39 |
Change
0.045(3.36%) |
Mkt cap ! $3.319B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55057 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 6000 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |