jefftan
Short

RANDGOLD RESOURCES : POSSIBLE SHORT WITH 7.32 REWARDS

NASDAQ:GOLD   RANDGOLD RES LTD
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.
motleifaul
3 years ago
Still short?
Reply
jefftan motleifaul
3 years ago
Price did not break 73.82 so there is no trade. Overall major trend is bearish so just standby.
Reply
motleifaul
3 years ago
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.
Reply
jefftan motleifaul
3 years ago
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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