Above post re GOLD Weekly Chart Outlook last July was the first mention.
Current chart shows Gold price has reached the bottom of the downward channel of the Cup & Handle formation on the Weekly Chart. Expecting a rebound in the next two weeks or so, then year-end holidays and market activities will slow to a trickle.
Many will look back in the new year and regret they did not take a position at this time. Having said, this does not mean Gold price will be skyrocketing to 3000 anytime soon as most were made to believe. IMO before a new high in Gold price can be achieved there must be a breakout above the downward channel, and a confirmation a long term reversal has been made.
For now 1750, 1600, and ultimately 1500 are still possible targets. In the mean time move with the trend.
Above post re GOLD Weekly Chart Outlook last July was the first...
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Last
$1.67 |
Change
0.015(0.91%) |
Mkt cap ! $1.803B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.63 | $6.534M | 3.948M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 58642 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 12775 | 2 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.67 |
Change
0.015 ( 0.37 %) |
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| Open | High | Low | Volume | ||
| $1.66 | $1.67 | $1.63 | 948483 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| GOR (ASX) Chart |