NASDAQ:GOLD   RANDGOLD RESOURCES LTD - AMERICAN DEPOSITARY SHARES EACH REPRESENTED BY ONE ORDINARY SHARE
328 4 1
Price has reached fibo 0.5 showing weakness after 3 days of rally.

Overall trend is down and if price breaks below 73.82, we can expect normalcy again with price smacking right back into the blue channel.
You are right. I just thought that it might perhaps already be an opportunity to go short now as it looks like an evening star today.
And when I look at the gold chart so I think that we are close to 1400 now which will be an, imho, strong resistance so that gold could correct on Monday or Tuesday as well. All right, let's see.
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jefftan motleifaul
Yes we are near the fibo 0.764(not indicated) and some signs of resistance are showing now. But we need confirmation.
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Still short?
Reply
jefftan motleifaul
Price did not break 73.82 so there is no trade. Overall major trend is bearish so just standby.
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