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GOLD ROAD RESOURCES LIMITED

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GOR trade ideas

Playing The MacroGold long term is very bullish as most people are failing to realize just how little $ is in precious metals on a global level, I believe precious metals atm are currently dirt cheap and low cost tier 1 producers will be massive beneficiaries of higher prices in the future. I think the time has come to be greedy on precious metals with a long term view of at least 3-5 years and most likely around 10 as I anticipate we will reach bubble territory like gold rush times.
ASX:GORLong
by Swoop6
GOR - Bullish Trade PlanGOR has pulled back as expected and a good buying opportunity may be coming up again. The current pull back is expected to get exhausted and I expect price to turn bullish as this is the 61.8% Fibonacci zone. Any bullish price action at the current zone may be an opportunity to take a long position targeting the recent highs. My initial target would be $1.500, the next resistance level (potential 13% gain) with a stop below the swing low. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:GORLong
by AsimMirzaTrader
$GOR $GOR.ax Emerging from multi-month consolidation GOR is emerging from a multi-month consolidation down trend, as indicated on the Daily and Weekly Timeframes. This is lining up with the rising Gold Price, which is testing 1900 levels and appears ready for the new leg up. Gold producers follow the movement of the gold price. Key Points: - GOR has long life mines and is de-risked - GOR has the potential to be a take over target - Rising gold prices are set to continue Gold Road Resources Ltd. operates as a gold exploration company. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore and Attila projects. The firm operates through Development & Production and Exploration business segments. The Development & Production includes Gruyere joint operation with gold fields, which transitioned from development to production phase during the year. The Exploration segment includes the activities on all mineral exploration, including all joint venture tenements. The company was founded on May 28, 2004 and is headquartered in West Perth, Australia.
ASX:GORLong
by Bipolar_trader