SchalkLouw

Gold Fields - hold the line

JSE:GFI   GOLD FIELDS LTD
I will be watching the 50-day Moving Average (EMA) closely at R163.20, with a break and close below these levels today most probably bringing back the higher lows support-line - my major short-term support at R160. Should support hold, will IMHO be my confirmation of a possible short-term bounce. With markets being ever-increasingly fearful, I would definitely focus my attention on this space. For now, I'm holding tight. Refinitiv Eikon consensus target price for GFI is R163.

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