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$1,391.7 gold futures

Gold is traded worldwide in USD, so that's what traders and...

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18/09/21

05:12

Post #: 56166884
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Originally posted by thecrabpest: ↑

Must admit, it's been ugly.

But i prefer this chart in AUD terms, as that's the currency we transact and live in (I appreciate you are an NZ cuzzie bro}.

Still above $2400/Oz, with many companies making $1000/Oz.

Now I'm not suggesting it can't go down further in USD or AUD terms, but we've been somewhat insulated from the manipulation of price (real or perceived) because of the currency hedge.

It's one of the positive things, I believe, should things deteriorate further with the global economy.

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Gold is traded worldwide in USD, so that's what traders and speculators will be doing their technical analysis in.

Doesn't take too much imagination to see a double top.
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0 Great analysis

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