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

First 133179 Last

Share
Profile

Follow
ghostwriter

1,483 Posts.

488

16/06/25

08:15

Post #: 79441826
Share

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.
.
.
.
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.
.

.
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.
.

.
Sentiment is the odd one out.
Selling into strong gold price and EOFY?
.

.
Relative market strength for the sector agrees with the XGD.
Typically identifies juniors as a place to be - with caution.
.

.
Monday will be very interesting.

Expand

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 !
3 Upvote

Reply

Top Stories

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

First 133179 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

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

Top Stories

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

This stock is crafting a cure for Huntington's – and it's making progress

Featured News