If you look at a chart (in US dollars) of the Gold price from October to today, there is a gigantic inverse Head and Shoulders pattern, with the left shoulder at $1,600, the head at $1,525 and the right shoulder very nearly completed at $1,620 or therabouts.
An inverse head and shoulders is normally a breeding ground for a big rally in the Gold price.
Just a thought
If you look at a chart (in US dollars) of the Gold price from...
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Last
92.0¢ |
Change
0.035(3.95%) |
Mkt cap ! $84.15M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 94.0¢ | 89.0¢ | $75.31K | 82.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1527 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 1629 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |