GOLD 0.51% $1,391.7 gold futures

opinion, page-14

  1. 522 Posts.
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    I'll have a more in depth look later today when time permits - just quickly looking at SBM's chart, for now support is holding at 71.5c (on the daily) The share price has also hit the lower Bollinger band which suggests SBM may be a buy IF it holds around these levels.

    However the sell down yesterday was on increasing volume indicating downward momentum may break 70 - atm there are 12 buyers bidding for 261,600 shares at 70c......so hopefully it should hold, otherwise the next significant support is at 61c

    If SBM does rally from here, there is possible resistance at 78c and then at 81c

 
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