GOLD 0.51% $1,391.7 gold futures

A 5 minute of yesterdays action with the lead up to the...

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    A 5 minute of yesterdays action with the lead up to the announcement being irrelevant. Then on the announcement the usual smack down but with the statement being benign gold then bounced back through $1800 once again.

    https://hotcopper.com.au/data/attachments/3410/3410158-e94a1c47423cbd6dd9500d824d836529.jpg

    So below we have a daily trend line upside break
    https://hotcopper.com.au/data/attachments/3410/3410198-67dd3fd3db4869034880a3058da2ba24.jpg

    Below is a daily on the GDX indicating a mini break from its lower consolidated position.
    https://hotcopper.com.au/data/attachments/3410/3410230-355502ea4fecc628f01a4e016f70b34f.jpg

    Things are looking up and there are big bargains to be had in the aussie gold sector.
    Another couple of days to get through the end of the month but $1800 gold is looking like it is moving into the rear view mirror.
    Looking at silver and it is close to oversold on the daily with weekly stochs well oversold. Its good to go.



 
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