runyamhere

Goldfields (GFI) - Looking to Resume Uptrend

Long
JSE:GFI   GOLD FIELDS LTD
In previous trade idea, we looked at GFI forming an important breakout point. Area around R190 was strong resistance. Now price is consolidating in a symmetrical triangle. The expectation is for price to break to the upside taking out resistance. However beware of a fake move to the downside of the triangle before powering higher.

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