Gold has finally broken out of the downtrend that started august last year, on the weekly chart, this week we have confirmed the break out as per chart below.
In the daily chart, the old long term resistance has already turned into the new support by the looks of yesterdays action.
Now for PDI, cup is nearly formed on the daily chart. we might see a maximum retracement to $0.22c to form the handle or a straight climb to mid 30s as my target posted in previous post.
Regardless of the short term price action, in the medium term we are strongly heading north.
Looking forward to the end of the rainy season and the arrival of the extra rigs.
Good luck to us
Gold has finally broken out of the downtrend that started august...
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Last
18.3¢ |
Change
0.003(1.39%) |
Mkt cap ! $434.9M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $95.62K | 523.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 203544 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 376574 | 18 |
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| Last trade - 13.56pm 01/08/2024 (20 minute delay) ? |
| PDI (ASX) Chart |