Gold Road Resources (GOR)

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Gold Road Resources (GOR): Signals

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TECHNICAL ANALYSIS SUMMARY

Gold Road Resources (GOR.AX)


Indicator:

FIBONACCI RETRACTION


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 Retraction levels are:
(23.61%) $0.68
(38.2%) $0.54
(50%) $0.53
(61.8%) $0.52

The current support levels are:
(78.6%) $0.5
(100%) $0.47
(138.2%) $0.42
(161.8%) $0.4
(261.8%) $0.28
(423.61%) $0.08



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


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:

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