Following the charts since its turn around of $1.42 around 23rd Feb 2024 I am not seeing any reasons for this up trend not to continue. Some trend lines were broken over that period, although prices rebounded strongly and I found it easy to follow the general direction upwards overall.
I didn't really bother to try and look for any other entries, although others might be game enough to get in on any counter trends depending on their risk appetite as you might not be seeing any thing much cheaper currently. The bulls appear in total control and it will be hard for this week to close to much lower and suggest otherwise.
Current Gann swing charts on both weekly and monthly data are trending upward, very positive for any current shareholders in this one..
I will put a disclaimer on this to not take my analysis or opinion as financial advice (I could be very wrong and it all falls apart in an instant) I am just sharing my own analysis that others might find constructive or enjoy any constructive input if anyone agrees or disagrees, I would appreciate any other chartists feedback or different perspective...
All in all, it Feels like its been well over due, a share price that is a "true reflection" of the gold bullion prices that have become the norm in society these days so let's finally see some good numbers continue through the mill and the companies other investments playing out in share holders favour.
Blue skies ahead, pending no more above average rain down falls !! Go GOR Go!!!
GOR Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
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