Friday's candle gapped up and tested 2 fibonacci levels to close in a bullish pin bar above the .61 fibonacci level just bellow the descending trend line.
With the MACD crossing and the RSI rising this is looking very bullish IMO. I'd like to see a break out of the wedge at the $1.36 level to go long for a swing trade.
$1.41, $1.66 target short term
AMEX:GAU broke out of the falling wedge and reclaimed the 200 daily MA. The stock will target 1.64$ and the sell zone between 2.03 and 2.12$, closest stop is at 1.1$ and ideally at 1.0$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Galiano Gold Inc. provides mining services. It principally explores and develops gold fields. The company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. Galiano Gold Inc., formerly known as Asanko Gold Inc., is based in VANCOUVER.
LETS TAKE A DEEP LOOK
They have actually just...
Galiano Gold, Inc. engages in the acquisition and exploration of mineral resources. It operates through Canada and Ghana geographical segments. It holds interest in the Asanko Gold Mine projecr. The company was founded by Ivan James Bebek and Shawn Kristen Wallace on September 23, 1999 and is headquartered in Vancouver, Canada.
Arca
