Reading the Gold tape

Last week, the share price of Gold Fields Limited (GFI:US) didn’t make a new ‘higher high’.

While several weeks earlier, it made a ‘lower low’.

To boot, its trading at various ‘overbought’ extremes and the there are gaps below waiting to be filled.

I’d say that the ‘fat part’ of the trade has been seen.

I’ll be interested buying it below $13.

October 29, 2024

rob@karriasset.com.au