simple.
USD dollar is finding support which means the rally in gold will take a break as the USD rallies. The sentiment from the US gold market drives Australian sentiment in the Australian gold market.
Ultimately, for a while, gold is likely to come down and test support around $1750. This will offer a great buying opportunity in gold miners for those with cash.
Thereafter, gold should continue its major and massive bull run.
DYOR.
Good luck.
EVN chart, page-614
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Last
$4.10 |
Change
0.130(3.27%) |
Mkt cap ! $8.142B | |||
| Open | High | Low | Value | Volume |
| $4.02 | $4.13 | $4.00 | $52.55M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $4.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.10 | 187108 | 8 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| EVN (ASX) Chart |