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RossLarter

Goldfields Upswing coming?

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GOLD FIELDS LTD (JSE:GFI)  
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Trend Analysis Support and Resistance jse ALSI ZAR southafrica mining goldfields
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trendanalysis supportandresistance jse alsi zar southafrica mining goldfields
GFI is showing some signs of a change in momentum. We have been in a downswing since June this year and I think we could potentially see a move upward. It is currently bouncing off of a strong support level and if not a complete reversal, I think we could at least see a retracement upwards before continuing downwards. I will wait for the two EMA's to cross in order to confirm the upward move before entering.
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