It's been a particularly strong Gold downtrend in AUD, likely to get back to a minimum of $2350 AUD as per below snapshot, where it goes from there is a little less certain, I have my view but that would more fundamental based.
Going purely on technicals, we'll see that $2350 area before any more major down move, there may be a little downward spike to hit some stops but I think most stops are well and truly smashed, it looks as though the move down through $2350 initially is a grab for those stops.
If we got a daily close above $2400 AUD then $2600 is a given IMO.
Why is NST the third most shorted?, page-160
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$13.86 |
Change
0.570(4.29%) |
Mkt cap ! $15.92B | |||
| Open | High | Low | Value | Volume |
| $13.71 | $13.91 | $13.63 | $79.37M | 5.751M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35544 | $13.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.86 | 28982 | 3 |
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