Absolutely but you need to ask yourself - what is the likely hood of a gold turnaround that is sustained for a decent amount of time. If you think sentiment is about to change and this bull market has run its course then now seems to be a good buy. If you think gold will bounce short term for several days then you time it accordingly.
I see a bounce soon but how long for I have no idea. Depending on your gold outlook will depend on your strategy.
Guessing you believe gold is about to turn?
easy back to $2 ps, page-65
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$1.51 |
Change
-0.005(0.33%) |
Mkt cap ! $389.2M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.58 | $1.50 | $784.1K | 510.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 381 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 45578 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |