Thanks for the analysis as always Pointy.Due to macro reasons I...

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ghostwriter

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16/06/25

08:15

Post #: 79441826
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Originally posted by Pointyfigures: ↑

I don't trade candles but P&F shows up megaphone patterns very clearly.
The USD. Anyone want a guess at direction and value?
My first estimate is 92.5
Could double bottom but would not bet on it.
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The Aussie gold price. Looks like a catapult move to me.
Setting a new target. Should be a good one but way above trend so I still expect consolidation in the future.
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XGD has a nice move off a double bottom.
This is my short term chart. Longer term shows a good solid rise and nowhere near extended.
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Sentiment is the odd one out.
Selling into strong gold price and EOFY?
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Relative market strength for the sector agrees with the XGD.
Typically identifies juniors as a place to be - with caution.
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Monday will be very interesting.

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Thanks for the analysis as always Pointy.
Due to macro reasons I see the USD only to around 94. At some point the chicken sh..t markets will value the dollar again especially if there's any systemic risk to Europe's or Asian banking systems. Got a feeling Oz PM producers and explorers may catch a cold today with the rest of the market despite paper gold doing its thing. But as always in the casino we await !
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Thanks for the analysis as always Pointy.Due to macro reasons I...

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