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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Post by shiftyoneon Oct 16, 2023 10:20pm
155 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 :)



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