ASX 0.49% $87.59 asx limited

gold / oil predictions for next 3-4 weeks

  1. 4,129 Posts.
    lightbulb Created with Sketch. 79
    OK here goes - I'm gonna give my view of what I believe will eventuate over the next 3-4 weeks in Gold and Oil - based on my technical interpretation of the XOI and HUI and assessing the degrees of probability in each.
    Firstly Oil and XOI - has broken through and closed above resistance at 728. Looks to be set for a move to around 763 over next 3-4 weeks. ASX energy sector should follow hot on heels.
    Gold and HUI looking to test below 200 - long term trendline support around 195. Relative strength has been rising - I think we may get a BIG bounce in next couple a days for start of next major up leg with pause at around 215 - again Aussie co's should follow suit
    I could be wrong and may well be - but I am banking my hard earned on these scenarios developing
    Appreciate any comments
watchlist Created with Sketch. Add ASX (ASX) to my watchlist
(20min delay)
Mkt cap ! $16.95B
Open High Low Value Volume
$87.25 $88.27 $86.74 $25.33M 289.6K

Buyers (Bids)

No. Vol. Price($)
2 332 $87.55

Sellers (Offers)

Price($) Vol. No.
$87.62 1369 1
View Market Depth
Last trade - 16.10pm 03/07/2020 (20 minute delay) ?
0.430 ( 0.68 %)
Open High Low Volume
$87.24 $88.25 $86.82 16277
Last updated 15.59pm 03/07/2020 (live) ?
ASX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.