Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Post by shiftyoneon Oct 16, 2023 10:20pm
140 Views
Post# 35686500

fibonacci retracement numbers

fibonacci retracement numbersGold went up from from about 1820 to 1930 in the last month. $110

Barring any major news (ie if Israel/Hamas escalates).

If things stay the same as today, a retracement is expected due to profit taking.

according to fibonacci, first retracement would be 23.6% of the gain.  So about $26.  So support at around $1904.


The next level is a 38.4% drop on the gains.  So about $42 so maybe $1992. I don't expect that, but it all depends on the news.


Not likely the turmoil will end in the next couple of days.  If it escalates gold could reach all time highs.

If it's in a downtrend I'd watch about $1904.

Btw,   pay no attention.  Some math seems to suggest this as a possibility.  But tomorrow it could open higher.


It is possible that gold will break an all time high.  If you know the answer to that for certain, you could easily make millions :)



<< Previous
Bullboard Posts
Next >>