GORO IPO'd at 90 cents. Since then it went up.
Particularly after 08' crash where it went as far as 30 dollars.
Since then, price went all the way down to 1.14 but never reached back down to original IPO price of 90 cents. So I believe this range has a strong support.
Given current environment. It's possible we may see a surge in price of GOLD due to overall fear in market as well as decisions based on current macro economic environment by the US Gov. Thereby, allowing GORO to rise in price. One thing must come before the other in this case Fundamentals in company look strong enough.
Crypto may be overbought but gold is certainly not.
This is not trading advice, I'm just presenting what I see.
Do your own due diligence and good luck!
Particularly after 08' crash where it went as far as 30 dollars.
Since then, price went all the way down to 1.14 but never reached back down to original IPO price of 90 cents. So I believe this range has a strong support.
Given current environment. It's possible we may see a surge in price of GOLD due to overall fear in market as well as decisions based on current macro economic environment by the US Gov. Thereby, allowing GORO to rise in price. One thing must come before the other in this case Fundamentals in company look strong enough.
Crypto may be overbought but gold is certainly not.
This is not trading advice, I'm just presenting what I see.
Do your own due diligence and good luck!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.