Re-Visiting Precious Metal Gold.

This analysis has a time horizon of short/medium term. Support break at the current session with a bearish bar after a change in behaviour out of the pattern ( bar chart not shown). Will we see a follow-through or lack of it at the next session or two ? If we did,that would give us further clues to where the Gold may be headed in the near/medium terms.

Regardless of the follow-through, we now have a completed pattern which enables us to take a count for estimating the extend of the current down move which is shown on the chart. A follow-trough in the next few sessions would then suggest a potential retest of it’s 2017 lows. Prior to this, it must break the support levels as marked with Red support lines.

Time again to watch quality ASX listed Gold stocks from here on until November/December. My watchlist include : NST,EVN,SBM,RSG,SLR,NCM to name some.

Disclosure : Not a holder of any stocks mentioned.

Chart is courtesy of



All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.



Comments are closed.