The shorters will have to cover their shorts at some point.
If there are fewer sellers at that time or more buyers looking to top up......
If you weigh up the fundamentals and the interest in PMs, this should be sooner than later. So surely, this is a purely technical correction.
The USD rebounded (somewhat). There are claims that it is a rally! Really? One up day??
They would also like you to believe that everything is now fine.....
Oh goody, let's all buy USD.
Something tells me that we are going to see the pain/fear in the market again before month's end.
russell on latest gold move, page-3
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Last
$58.49 |
Change
0.230(0.39%) |
Mkt cap ! $11.34B | |||
| Open | High | Low | Value | Volume |
| $58.49 | $58.80 | $58.15 | $57.32M | 970.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20975 | $58.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $58.50 | 80 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |