Some good ol' slaughter on goldies on the ASX yesterday, with many failing crucial support lines on the charts and heading for new 52-week lows. Can expect more today as gold down another 1% overnight.
Wonder why no one here has been stating the cold, hard truth that USD gold is well down, and that AUD gold chart looks even worse. Down over 20% since the peak mid-2020.
Jeez, can't be very good for a MASSIVE AISC producer burning cash like it's going out of style. TRY holders better be praying some support level is found soon...
