RED 1 week chart is maintaining an overall upward trend with a good bounce off support on the trendline, RSI and 200smaRED 1 day chart bounced out of oversold territory, now sitting on the 50sma with a few resistance points here up to the 200sma. Next one at 35c if it can push through which may show a golden cross on the chart depending on how many candles it takes
GOLD USD 1 day chart having a strong surge from a perfect technical support point, also sitting on the 50sma. Many, including myself, feel very bullish about gold as a hedge against inflation. Of course, the world is in a very complicated state at the moment.... We shall see...
RED and GOLD charts have been fairly tightly bound over the past year. RED has advanced to being a producer, perhaps just in time for the next gold bull run...
Just my 2c
GLAH
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