Gold Road Resources

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

Fibonacci Extensions

Score

1.0

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 89.0 0.50% 1.00% 29.4% -5.0% 48.9%
SHORT 5 82.2 0.40% 0.67% 40.6% -4.9% 66.6%

Summary

Technical Analysis

Gold Road Resources (GOR.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Gold Road Resources (ASX:GOR) : The current Fibonacci Extension levels are:
(23.61%) $0.99
(38.2%) $1.02
(50%) $1.05
(61.8%) $1.07

The current support levels are:
(78.6%) $1.11
(100%) $1.15
(138.2%) $1.23
(161.8%) $1.28
(261.8%) $1.49
(423.61%) $1.83



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Gold Road Resources (GOR.AX)


Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |

About Gold Road Resources (ASX:GOR):

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.

Top 10:

Fibonacci Extensions

Download
Company Close Change(%) Volume Value Signal
EWC Energy World Corporation 0.07 15 2,437,137 -0.01 BEARISH
AJX Alexium International 0.13 8.7 796,462 -0.05 BEARISH
SMN Structural Monitoring Systems 0.76 7.8 422,370 -0.22 BEARISH
EDE Eden Energy 0.03 7.1 1,425,845 -0.03 BEARISH
CAT Catuity 1.27 6.3 779,850 -0.4 BEARISH
IMD Imdex 1.1 5.8 2,149,957 -0.11 BEARISH
NZM Nzme 0.49 5.4 65,620 -0.12 BEARISH
ASL Ausdrill 1.51 5.2 2,815,654 -0.27 BEARISH
ATL ASX 20 0.41 5.1 164,830 -0.49 BEARISH
OGC Oceanagold Corporation 4.21 5 264,236 -0.33 BEARISH