Hi Tex,
i think support is around $720 initially and then $695-$700 area. I would not be surprised if Gold tests that lower level in the next week or so, and technically it will take a break above $755 to make be more bullish on Gold.
Overall Gold has the tendency to drop hard when it starts to fall and with such a large commercial short position I would not be surprised if that was to happen this time around. Thats why I have lightened up on some of my Gold shares positions waiting for a better time to re-enter.
Hi Tex,i think support is around $720 initially and then...
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Last
$64.69 |
Change
0.850(1.33%) |
Mkt cap ! $12.54B | |||
| Open | High | Low | Value | Volume |
| $64.52 | $64.75 | $64.14 | $11.35M | 175.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $64.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.69 | 5 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |