The year in reflection. A great year for Gold.
What a year for gold!
We started 2024 sub $US2000 per ounce of gold and climbed to new a new all time high of $US2792 in early September. Gold has responded as a perfect risk off asset against geopolitical conflict, political uncertainty and poor economic news repeatedly through the year again highlighting how important holding Bullion can be to protect your portfolio.
As we all prepare for some well earned rest with friends and family this year, we wish you all a happy festive season. We’ll be back with more news and forecasts from the 13th January, 2025.
Enjoy today’s charts and technical indicators.
Gold daily chart, with 200MDA
Silver daily chart, with 200MDA
US500, with 200MDA
ASX200, with 200MDA
Gold Futures Technical Analysis
Gold Futures monthly analysis continues to recommend a STRONG BUY with Weekly analysis a Buy signal.
Technical indicators – Monthly Projections
| RSI(14) | Buy |
| STOCH(9,6) | Buy |
| STOCHRSI(14) | Buy |
| MACD(12,26) | Buy |
| ADX(14) | Buy |
| Williams %R | Overbought |
| CCI(14) | Buy |
| ATR(14) | High Volatility |
| Highs/Lows(14) | Buy |
| Ultimate Oscillator | Buy |
| ROC | Buy |
| Bull/Bear Power(13) | Buy |
Summary for Monthly forecast: Strong Buy
*Not financial advice, please DYOR prior to any investment decisions you make.
