The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
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📈 Analysis:
Company Overview: Gold Fields, a gold producer with reserves across continents, benefits from favorable exchange rates and gold prices.
Market Sentiment: Strong institutional accumulation by firms like Invesco Ltd. and Deutsche Bank indicates confidence in the company's prospects.
Technical Analysis: Entry opportunity identified above the...
Gold Fields Limited, with its single mine in South Africa, South Deep, represents a significant player in the international gold mining landscape, albeit as a relatively high-cost operator. Acquired in 2006, the company has since invested a substantial sum in an effort to turn South Deep into a profitable venture. Despite being labeled as the "world's most...
Gold Fields, an international gold mining house, operates primarily with its challenging yet significant asset, the South Deep mine in South Africa. Acquired in 2006, South Deep has been a major focus for Gold Fields, which has invested R32 billion into making the mine profitable. Despite the mine's depth and technical complications, its vast unmined gold resource...
Taking an initial position long on Goldfields here with a tight stoploss. I will add on a successful break of the R254 swing high if we get there.
A decent cup & handle in the making with a good risk /reward ratio.
Stoploss and final take profit on the chart .
Goldfields has retraced back into an area of interest R254-R240
There is also the up trending 200ema at R248. I will be looking for signs of support here to initiate a long entry.
A move back to close gap at R290 would make for a great first target.
Gold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described...
The stock has broken resistance at R277 and has now opened the gate to target R300 => swing high.
Bulls will want to defend any pullbacks that may come to test the breakout level.
MACD positive crossover.
Gold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described...
Gold has been experiencing a strong rally on the back of global fears.
The stock has rebounded back to a range of interest, R262-277
RSi is stretched here into overbought but it can remain there for a while so I'll be watching the daily price action to see if there are any signs of weakness.
If bulls push through here, we likely target R299-R312
Inverted Cup & Handle Signals Downtrend for Goldfield
1. Price Formation: The price has broken out from an inverted Cup &Handle price formation on a daily chart. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200)
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is < than...
Goldfields is in a time to have a daily high, we see here price being rejected at the 200 day moving average, we can expect a move downwards and lower than R213.76. Of interest is the area where 2 trendlines intersect, the retracement from there can be expected to be weaker with possibility of meeting 200 day moving average and horizontal blue resistance before...
Hello There!
Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation...
A price action above 23500 supports a bullish trend direction.
Further bullish confirmation for a break above 24900.
Remains above its 200-day simple moving average.
The target price is set at 26500.
The stop-loss price is set at 22400.
Might aim for its 38.2% Fibonacci retracement level.
Buy GFI Sep-15-23 $13 Strike Calls @ $0.85 Limit to Open
Price is at a really important support, oscillators oversold, good upside margin for Sept expiration.
Inv Cup and Handle pattern has formed on the daily.
We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully.
Other indicators show upside to come.
21>7 (Bearish)
Price >200 (Price heading towards it).
RSI<50 (Sell...
Gold Fields had a stellar run from September 2022 rallying from 12662 to a new all-time high of 32652 in May 2023.
This advance unfolded as a five wave impulse with wave ((v)) being extended which is common in commodities and commodity stocks.
As expected after a five wave rally, a correction has been price decline from 32652 to a recent low of 23746 for a 27%...
