Nice bounce off the FIB retracement around the $4,000 area.
If that fails the next zone of support is $3,900.
I'm expecting the gold price to trade sideways until the RBA starts to cut rates.
Some interesting comments from Kerry are below.
Just some random videos below from gold bugs.
Info for anyone wanting to know the background of the monetary system & why it affects the gold price.
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Open | High | Low | Value | Volume |
1.8¢ | 1.9¢ | 1.8¢ | $35.27K | 1.959M |
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No. | Vol. | Price($) |
---|---|---|
4 | 1570000 | 1.7¢ |
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Price($) | Vol. | No. |
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1.8¢ | 335075 | 2 |
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No. | Vol. | Price($) |
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4 | 1570000 | 0.017 |
1 | 218000 | 0.016 |
2 | 135000 | 0.015 |
1 | 40000 | 0.014 |
1 | 76920 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 335075 | 2 |
0.019 | 278843 | 3 |
0.020 | 71781 | 3 |
0.021 | 665532 | 4 |
0.022 | 31119 | 1 |
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