TRADESETUP

March 14, 2018

XGD serves as a barometer for the Australian Gold industry and price is looking shaky

Commodity Alerts / Index Alerts

Share

Index Analysis XGD

 

XGD – All Ordinaries Gold (Sub Industry)

XGD serves as a barometer for the Australian gold industry and price is looking shaky. We can see that the 5000 level has provided some resistance and with current movement lower potentially cause for concern. If underlying shares prices can not extend higher then we would expect to see the shine come out of the sector for a while as Spot Gold comes under pressure.

 

Index Code : XGD – All Ordinaries Gold (Sub Industry)

Current Price : 4787

Status : Watching for lower highs and selling pressure

 

Related Alerts

You may also like these. If not, just go back to the overview:

Overview