Gold fields not that glistening right nowInv Cup and Handle pattern has formed on the daily.
We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully.
Other indicators show upside to come.
21>7 (Bearish)
Price >200 (Price heading towards it).
RSI<50 (Sell divergence)
Target R156.86
ABOUT THE COMPANY
Gold Fields mining company, a South African gold mining firm.
Company Background:
Gold Fields Limited is a globally diversified gold mining company headquartered in Johannesburg, South Africa. It is one of the largest gold mining companies in the world.
Founded:
Gold Fields was founded in 1887 by Cecil Rhodes and Charles Rudd in what is now the city of Johannesburg.
Operations:
The company has operations in multiple countries, including South Africa, Australia, Ghana, Peru, and the United States.
South African Operations:
Gold Fields' South African operations include the South Deep mine, located in the Witwatersrand Basin. South Deep is one of the largest gold mines in the world and one of the deepest mines.
International Operations:
Gold Fields' international operations cover a diverse range of mines, including open-pit and underground mines in various regions around the world.
