Agreed saw this after the breakdown from 23c. either 2 things will happen 19.5 bounce coming to close the gap circled and then a continued run up to that 27c resistance zone some bull back and upwards again or a further breakdown to raise level or slightly lower.. i have indicated two likely scenarios.
Some fairly strong selling yesterday (some large million orders) might be punters exiting on news expecting more of a material announcement (it wasn't flagged as material)... also it is interesting to see some major T20 movement, drillers sold some shares, Resolute exited completely and the lithium de-merger going to take months so not exciting for punters without any real off-takers etc in play.. volume is well down and gold is down albeit it bounced overnight but still down 7% last 30 days... Let's see how next few sessions play out and gold price reacts.
FFX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held