PGOLD may hit 50 level soon
PGOLD‘s retrace last December that brought the price down to 36 was a 78.6% Fibonacci Retracement after the rally. Usually a retrace this low will be followed by a rally that may hit as high as 127.2% Fiboanacci Retracement level. This leads us to speculate that PGOLD may hit the 50 level soon. But before that, lets see how the bulls will carry the price to 47.5 per share.
We have also seen a strong bullish signal via the Tenkan Sen / Kijun Sen Cross where the blue line on our chart crosses the red line from below.
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