Good to see you are still bullish,OpTrader even though sell temptation had the better of you. No harm in that.
Having a look at XGD (ASX ALL ORDS GOLD)index, The 38.2% Fib retrace from 13July12 low(45.46)with 11April2011 high(84.99)= 60.56
Yesterday it closed above it,than today,went under for a while,however it closed again above it at 60.68. I think that is significant,or at least shows it wants to stay above it.
Im not even sure what % NCM makes up of XGD but from memory it was the highest. Maybe someone can update me on the %.
Anyway we shall see what happens during the week.
NCM Price at posting:
$29.05 Sentiment: Hold Disclosure: Held