RMS 1.80% $1.98 ramelius resources limited

The top chart that you are referring to is just a representation...

  1. 6,847 Posts.
    lightbulb Created with Sketch. 4174
    The top chart that you are referring to is just a representation of what can happen when there is an oversupply, as it is very similar to RMS playing out.rolleyes.png...as far as the trend lines you are referring to ( arrows}, they are just indicators where things are going not trend lines, I have placed some trend line just for you wink.png ..eek.png, in this case, in due course, you will find that this is the scenario that most probably will play out @rise from the ashes as gold has hit all-time highs in the last three days, I strongly believe that a retracted will happen as gravestone Doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action.

    Gold has found resistance at the moment as the FA is changing & the TA will start to play out...I hope this helps you out on your decision buddy...


    tvc_d6f1483bd0f4e71095d852ac70fc55bf.png
    https://hotcopper.com.au/data/attachments/2342/2342525-ca2f52aa6865d76329ca0549e7585b4f.jpg


    https://hotcopper.com.au/data/attachments/2342/2342490-d97948a66042cf988c9e8404f6586236.jpg

    https://hotcopper.com.au/data/attachments/2342/2342491-d6dd3f0cbdcd7e1da968f05dbfdc76c1.jpg


    https://hotcopper.com.au/data/attachments/2342/2342495-7baca374c3451a8189b97b7bd50f05e9.jpg



    https://hotcopper.com.au/data/attachments/2342/2342469-602931ce2a8c10c7af42b3c7cb8636a5.jpg


    https://hotcopper.com.au/data/attachments/2342/2342468-796f218405f22da2590aae22f6e52dd2.jpg

    Last edited by dolci: 01/08/20
 
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