Just a follow up on my 12 November GoldFields call. Click to see that call:
So we ended up testing that R127 support level and for now, it held up quite nicely. Seems like the Gold Price is somewhat oversold and the US Dollar Index (
DXY) is still dropping like a rock.
With today's break and close above the ultra-short-term 8-day Moving Average (EMA), I'm getting a lot more excited, with the next resistance level at R153 looking quite reachable. Should we see a break and close above that level, could place us back into the falling wedge, with R173 then becoming my next target.
R205 still remain my short-term target on GFI. If you follow a stop-loss strategy, I would recommend looking at R123.50.
So we ended up testing that R127 support level and for now, it held up quite nicely. Seems like the Gold Price is somewhat oversold and the US Dollar Index (
DXY) is still dropping like a rock. With today's break and close above the ultra-short-term 8-day Moving Average (EMA), I'm getting a lot more excited, with the next resistance level at R153 looking quite reachable. Should we see a break and close above that level, could place us back into the falling wedge, with R173 then becoming my next target.
R205 still remain my short-term target on GFI. If you follow a stop-loss strategy, I would recommend looking at R123.50.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。