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Signal Gold Inc T.SGNL

Signal Gold Inc. is a Canada-based gold development 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 approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Post by shiftyoneon Oct 16, 2023 10:20pm
178 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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