DXY daily chart is in freefall, collapsing again
from 89.33 daily highs to 88.96
Seems as soon as EU US open, the DXY drops away as a trend now for a few weeks.
Au price now rebounding to 1341, may hit daily highs of 1345 again tonight as traders pile out of USD$ and into gold. With this DXY, the Au price should be 1391 already but its lagging.
It was 1355 with a DXY of 91.35 in Sept for example which is 2.7% higher than it is now yet gold price is 1% lower! Go figure!
Looks like some astute INSTO buyers knew the trend and werent selling to these manipulaters at close. Expect 44.5c open tmrw and more volume accumulation at 43c-47c until and unless the volume dries up down at these cheap values. This is above the prior resistance of 43.0c and now it is acting as a floor and support level.
If PRU is a top 2 growth stock on the ASX, it hasnt shown it the last 2 weeks and has been stagnant at 44.0c in a volatile flatline since 16 Jan to today. 2 Weeks and its still 44c despite a great Q2 report and Sissingue update. I have stated a floor formed at 43-46c and here it is still in effect.
Watching the volume, some 95M shares have traded the last 2 weeks at this floor level. So clear signs of INSTO buyers taking large volume and others happy to cash in & miss the next runup.
I have called a gapup sooner or later when the INSTOs decide its time and when there is no more volume to accumulate at these levels. I also expect a bullish Sissingue upgrade on a gold price up day in February.
This floor has built a foundation support above prior resistance for the next 1 bagger run for PRU. Sorry to the retail sellers but you exited too early. PRU has an incredible 6 months upcoming.
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Last
$2.59 |
Change
0.240(10.2%) |
Mkt cap ! $3.509B |
Open | High | Low | Value | Volume |
$2.51 | $2.60 | $2.48 | $20.56M | 8.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 280 | $2.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.59 | 88930 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 280 | 2.580 |
4 | 61039 | 2.570 |
2 | 30490 | 2.560 |
2 | 30490 | 2.550 |
2 | 30490 | 2.540 |
Price($) | Vol. | No. |
---|---|---|
2.590 | 88930 | 2 |
2.600 | 91629 | 12 |
2.610 | 61555 | 5 |
2.620 | 40846 | 3 |
2.630 | 8456 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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