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.
Thank you. USA/NATO intent to extent military borders .Trouble seems to be brewing .Gold and precious metals will still have their day in the sun in 2022/23.
SchalkLouw
⋅
@Thinus5422, definitively my main focus area currently