XAU weekly chart below in a clear up trend after respecting 50 day MA in December.
With macro economic forces such as massive stimulus approval in the US forcing the USD lower, late 2021 will see stimulus funds dry up and the true effect of covid on global economies being realised...we will then see money move out of markets and into hedges, with the worlds safest and most trusted hedge being gold and precious metals...creating a perfect storm for gold price to surpass all time highs again!!
DYOR
XAU weekly chart below in a clear up trend after respecting 50...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.810M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $8.747K | 2.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24589310 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2445379 | 5 |
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| Last trade - 10.01am 04/11/2024 (20 minute delay) ? |
| ASR (ASX) Chart |