GOLD 0.51% $1,391.7 gold futures

There have been two issues weighing on Aussie gold producer...

  1. 1,639 Posts.
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    There have been two issues weighing on Aussie gold producer stock prices - the XJO and the AUD. Both falling.
    This chart might be useful. The AUD has a buy signal right on support and needs to hold. The overall trend is up.
    .
    https://hotcopper.com.au/data/attachments/5115/5115938-a8d4ea2e44116fb4259acc2570bf8f9b.jpg
    .
    And sentiment is still pointing in the right direction.
    The sentiment indicator is quite sensitive - if three gold stocks move into a rising column, sentiment increases by 1% provided there are no downward reversals. And most that were falling are still there therefore have no influence on further drops in sentiment.
    .
    https://hotcopper.com.au/data/attachments/5115/5115942-e533229999f3f14c1ce5afde4a531e10.jpg

 
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