Keeping it simple... Just Price Action.
My opinion of GOLD is objectively based on the Charts.
Check this Weekly chart for GOLD. Inferences I can make, with the caveat thrown in that the probablity of Gold going up is more than it going low.
* Gold is not far from its ALL TIME high achieved in Aug 2020
* SInce Oct-22, it is in a uptrend, making new higher highs and lower lows.
* If it can maintain the GREEN support line, and can breach the RED reistance, then the next high probablity to keep an eye will be IF it breaks tha all time high LINE.
I love charts that have that close triange formation, indicating its close to go either way.. so volatility can be also high.
Charts Analysis - Ramelius, page-4
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Last
$2.14 |
Change
0.040(1.90%) |
Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 96948 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |