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KoosKanmar

#GLD Newgold Falling wedge consolidation pattern on support

Long
NEW GOLD ISSUER LTD (JSE:GLD)  
KoosKanmar  
JSE:GLD   NEW GOLD ISSUER LTD
Chart Patterns ETF
7
0
chartpattern etf
Newgold had reached some support after consolidating in a falling wedge pattern. Longer term investors can start accumulating from the viewpoint that support will hold, and that the falling wedge will break to the upside. Gold futures is looking bullish, but the USDZAR needs to play along.
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