The chart situation after Friday.
FYI, not recommendations.
The Aussie gold price pokes through resistance. I expect further resistance (consolidation) until we hit $5,310. Maybe by the weekend?
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The XGD broke through on Thursday. Already looking better on Monday with a higher high.
Surprisingly, it is overseas producers currently outperforming but I am not going there.
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I have concerns about the junior sector. Risk-off? A reflection of the broader market?
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Looks like producers/near-term developers are the place to be with sentiment apparently turning up.
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I suggest being very selective with juniors while producers are looking much better.
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