A 1 minute chart of overnight action indicates gold price action back to flirting with minor support/resistance at $1908.36
Looking at a monthly and gold is moving back up to test the previous 2011 high in the $1920 range
Revisiting the daily GDX which indicates the pennant pattern remains in place.
Looking at a monthly of the GDX and it is well below the 2011 high in comparison to gold and the only reason for the lack of correlation between the two after 2011 can only be "interference" from our "friends" the market makers.
A daily on EVN indicates recent consolidated action as it works off its overbought structure around very stiff resistance (black horizontal line)
Support/resistance numbers remain the same.
A break above the black line on big volume will be a powerful signal.
EVN chart, page-1940
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Last
$3.95 |
Change
-0.075(1.87%) |
Mkt cap ! $7.864B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $4.02 | $3.93 | $18.48M | 4.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 100216 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 138345 | 50 |
View Market Depth
| Last trade - 15.34pm 23/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |