How To Trade: Gold Fields (GFI)

Lester Davids
Jan 21
2 min read

Trade Gold Fields with Unum Capital.

To get started, email lester@unum.co.za

Analyst's Price Action Model as of 16h26

The Price Action Model, Explained:

Overall Trend: The overall trend for GOLD FIELDS is Bullish.

Current Trends:

7-Day Trend: High Bullish Momentum / Approaching Overbought

14-Day Trend: Very Bullish

Short-Term Opportunity: There is a limited opportunity for a short-term buy/long position. The image cautions against chasing the highs and suggests that if the price doesn't hold above the 8-EMA, it could be a short-sell target.

Medium-Term Outlook (2 to 4 weeks): The medium-term outlook is also Bullish, but it advises against chasing the price. It suggests looking for an overshoot or failure to hold prior session range highs as a potential short-sell opportunity back to the 8-EMA.

Long-Term Outlook (5 to 8 weeks): The long-term outlook is also Bullish. The image suggests that if the price pulls back, it could be an opportunity to accumulate within a bullish regime.

In Summary: GOLD FIELDS is currently in a strong bullish trend across all timeframes. However, the image advises caution against chasing the price and suggests looking for potential short-sell opportunities if the price fails to hold key levels. The long-term outlook remains bullish, with potential accumulation zones if the price pulls back.

Analyst View:

The share is in a high bullish regime while also approaching an overbought range.

Short Term: price has rallied from ~R247 to ~R298.

The share trades above it's rising 8-day EMA however, any further rally could see the share becoming extended versus it's rising 21-EMA which could place the share firmly in overbought range.

The aforementioned would open the potential for a mean-reversion short/sell (ideally for ultra short term/active traders).

Note: the share has retraced it's move from it's peak/trough and currently trades at the 61.8% Fibonacci range.