OTCQX:GTBAF - Post by User
Post by
eatmorefiber2on Aug 24, 2020 3:50pm
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Post# 31447237
FIB Retracement
FIB RetracementFib retracement 38% points to $13.69 CAD. 50% would be $11.75 CAD, which is very close to filling the gap I mentioned previously. These levels are calculated off the lows reached in March, which filled the gap at $3.50 CAD.
This week is Jackson Hole - they will do everything in their considerable powers to suppress PoG and hold general equities up. I hope to be wrong, but gold is likely facing headwinds for the short term, which does lend support our share price unless we have a stellar NR.
Shorts will take advantage of the above, not much we can do about it.