Buy Pivot on the weekly chart has printed on the 17 of Dec 2018. The price is also it a demand level from where price accelerated out of the range in Sept 2017. Not sure if this is a flight to safety as equity markets are correcting. The first target should be the 6000 handle. We may see a sell pivot develop at 6000 level as an accumulation/distribution range...
The ASX:GOLD is starting to exhibit some good strength, I like buying into strength as the trend is more likely to continue than not...which is the opposite of what a lot of traders look for...(Buy Low (cheaply)/Sell High)
Uncertainly across the global economy and Brexit fears in Europe are moving gold prices higher. Gold stocks are following the move in gold above the Ichimoku cloud. This stock is under valued at its current price.