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Michael Gable predicts ASX 200 resistance levels and potential recoveryGold surges and more growth predicted, encouraging investment in gold stocksMichael Gable from Fairmont Equities suggests a potential bounce in equities
Michael Gable from Fairmont Equities observes recent volatility in major indices, with potential rebounds on the horizon. He highlights key resistance levels on the ASX 200, indicating that the current market pullback could present a recovery opportunity.
Gold surges past $3,000 due to market uncertainty, with Gable anticipating further growth, potentially reaching new highs. Gold ETFs and individual stocks emerge as attractive opportunities. He also notes a weakening US dollar, benefiting commodities, and suggesting potential breakouts for South32 (ASX:S32) and Lynas Rare Earths (ASX:LYC).
