On the very long term chart, gold is bullish showing a cup and handle pattern with a breakout point around 2100. At today's price about 2670, gold is overbought with a negative divergence on the RSI and a level way above the 200 days moving average. A short term correction downwards is highly possible.
top up a few Pohkong at 1.12 (03 october 2024) should be oversold or near oversold already. those who reacting to QR should be sold already. considering gold price still high safe to top up some at this stage
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SincereStock
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Posted by SincereStock > 3 weeks ago | Report Abuse
really even 10 EPS also hardly propel price above Rm1.25 this time. after this just see if gold price can go another level