RMS has been range trading in the rectangle zone for the last couple of weeks and I think it will take further company news to break out of this pattern.
A couple of gaps are now in play, the first at $1.56 and the next at $1.42, but I'm not fully convinced a retrace back to those levels is a definite.
The aussie gold price is now about 12% off it's highs (~$2700/ounce) of 3 weeks ago which is feeding the recent retrace of the miners, but I think that speaks more to weakness in the USD than strength in the AUD.
The US jobs figures surprised everyone on Friday, which contributed to a further gold sell off, but buying support came in around the ~$1670usd. Early this week we'll see how strong that is. If it doesn't hold I've got the next support level being around the $~$1640 range.
RMS Chart, page-24
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 (20min delay)
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Last
$1.92 |
Change
-0.040(2.04%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.98 | $1.91 | $3.875M | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5202 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 4466 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.92 |
Change
-0.040 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $1.97 | $1.97 | $1.91 | 773865 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RMS (ASX) Chart |