GOLD FIELDS LTD

Long

#GFI bouncing off 200ema on weekly #JSE

By MarcoOlevano

Updated

Nice bounce off the 200 weekly EMA for Goldfields (GFI:JSE) as gold price has seen a nice reversal midday. If the 200wema at R130 fails, we could be headed to R110-R115 which has some strong strong horizontal support. the anchored vwap from the sep18 lows also come in just under which should provide another level of support/

Note

Lovely bounce here off the levels identified as possible support

Note

Massive move here, at least 50% off the level identified as support on the 200w ema

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