I would have thought it is the POG/USD (sentiment) and POG/AUD (valuation) that will drive NST up or down. I have also been wondering since NST is now around the resistance as to how I should react. Fortunately it has not technically tested that 1.91 level yet and the SNB brought out their bazooka or rather large fingers and yank the floor carpet on the EUR cross effectively causing mayhem in world markets. All pretty positive to gold so I imagine there is 'new' momentum in this rally impetus tomorrow.
Not one to assume but that is a pretty bullish breakout and news 4hour candle that I am confident of a good close way above 1239.50 level by tomorrow.
However not so easy to predict how the coming reaction to the SNB decision once the shock has set in. European bourses are all positive minus Swiss so a lot to analyse and make sense of.
Looking forward to the reaction in the gold sector tomorrow.
Fascinating reaction, page-24
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Last
$14.88 |
Change
0.280(1.92%) |
Mkt cap ! $17.15B | |||
| Open | High | Low | Value | Volume |
| $14.79 | $14.95 | $14.72 | $11.58M | 779.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1796 | $14.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.89 | 1816 | 10 |
View Market Depth
| Last trade - 11.35am 11/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |