PGOLD broke its resistance. Will it reach 127.2% Fibonacci Retracement level this time?

After being silent for quite some time PGOLD broke its resistance at 47.49 per share. Is it ready to hit the 127.2% Fibonacci Retracement level? The Kijun Sen line that keeps PGOLD from going up is now bending upwards. This means there is no threat from that line. The Ichimoku elements are in a bullish setup and the extended Kumo is pointing upwards.

RSI or Relative Strength Index is currently at 78


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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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