UPDATE: Pan Africa hit the target at R.475 - Do we sell?
Well this analysis took forever.
The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023.
If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs...
However as a share and equity investor, this position would have been the perfect medium term trade.
Sometimes, when I project such large targets, I think of just going back into equities.
Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs.
So, keep to the trend until it bends...
Uncle T out.
The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023.
If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs...
However as a share and equity investor, this position would have been the perfect medium term trade.
Sometimes, when I project such large targets, I think of just going back into equities.
Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs.
So, keep to the trend until it bends...
Uncle T out.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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