GFI: Further upside potential? Long

GOLD FIELDS LTDJSE

Description

⋅ Jul 11, 2023 2:37 PM

We saw the price make a new high before retracing back to the major resistance turned support level.

Entry idea: Long/Buy
Stop loss: R240.90
Target: R282.95
R/R: 1.5

Trend Analysis Chart Patterns

Comments

Thinus5422

⋅ Jul 14, 2023 11:31 AM

July and August good for gold price and Miners. GFI NORMALLY DELIVERS POSITIVE RETURN DURING THIS PERIOD (10-15 %). Thank you for analysis