top of page
  • Writer's picturePeet Serfontein

Analyst thoughts: Gold Medium-Term

VIEW RETAINED FOR A CONSOLIDATION PRICE ACTION TO $2 113/$2 150

  • The illustrated view remains valid and is retained.

  • Continuing R1/S1** consolidation, as illustrated by the W,X,Y interim phase should bottom out above S1** to complete phase Y.

  • The indicated bull trend to TA1 is likely to develop after the completion of the expected W,X,Y range trading.

  • Breaking below S1** will negate the general bullish outlook, while any break above R1* will activate the bullish bias again.


TARGET AND RE-ASSESSMENT LEVELS:

Pivotal levels S1**

Primary trend R1/S1** ranging, followed by eventual gains to TA1

Prevailing trend Downside towards S1**

Technical rating Medium to high


7 views0 comments

Comentarii


bottom of page