Just like Anglo Gold Gold Fields has seen an increase in volume and is pushing off resistance become support continuing the markup that had started.
Gold is very strong. After a week pullback, we are now seeing price breaking higher.
Following the trend in all gold stocks, Gold Fields has had a week pullback attempt and is now ready for the markup to continue of the oversold line.
Large investors have been buying Gold Stocks since 2016. We can see the progression of this accumulation in the Gold Fields charts (see posts below). With the recent fire sale which even affected gold stocks, they were buying even more. Gold was being sold to raise cash but if we look at the volume others were buying. Now volume has decreased but we see ease of...
Just like the other gold stocks Gold Fields is sowing a lot of strength and is looking to break out of the trading range after a key reversal bar today.
Just like the other gold stocks Gold Fields has lost a lot of value in the last couple of days. But just like some of the other gold stocks it has held above the yearly pivot point and 200 Day SMA and formed a spring of the trading range. The volume increases during markups, it is stronger than the Top 40, there is divergence with the Volume RSI and a reversal bar...
Currently at the Supply Zone and the play along the E leg of the harmonic, we look for the pullback.
Gold Fields has been undergoing re-accumulation (see posts below). After a pullback at the beginning of the year price is again pushing at the breakout level with some volume. There is further some signs of strength (SOS) on volume in the background. The relative strength is also turning higher.
Goldfields was in a re-accumulation trading range for the second half of 2019 and is now pushing higher. There is major signs of strength (SoS) and the markup is set to continue.
New pairs trade from @Lester_Davids. We are buying JSE:GFI and shorting JSE:HAR ratio 1.6066. GFI is ex Div in two days (R0.60) so keep this in mind.
GFI Supply-Demand trend analysis: About to begin an upward trend as a rebounding trend gradually gives way to limited rises and decreases and Rising section of high profit & low risk. Supply-Demand strength flow appropriate to the current trend. D+1 %Change Rang and candlestick forecast: 2.4% ~ 0.2%. Green candlestick you can see a detailed forecast...
Price action idea for long term. Levels speak for themselves. Not financial advice. Manage risk & take care.
Gold markets broke higher during the trading session on Tuesday, clearing the $1325 level, sending the market towards the $1350 level. At this point, there is a lot of noise extending to the $1350 level, so although this is a very bullish looking candle, I would not be surprised to see some type of pullback in this marketplace but now the $1325 level should be...
Lester and myself are watching a few of the South African Gold pairs
This is an update to my previous call for this stock. I've been trading it on the long and short side, until we had a good enough reason to jump into longer term gold positions recently. I think we have good odds to see this monthly forecast pan out, so don't miss it. You could also be positioned in $GDXJ, $ARNGF, or $KGC, alternatively, but I favor this one...
$GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are...
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time". Breaking below the inflection point of 1142 increases the odds to attack deeper targets.