technical analysis chart

Technical Breaks, Ideas and Insights – Gold Shares Updated Target Levels

AngloGold made a short-term positive break by breaking upwards through the downwards sloping resistance level at ZAR270.00.
The share could potentially trade higher and test the resistance level at ZAR330.00, in our view.
AngloGold has broken upwards out of the triangle formation as well as its resistance level at R330.00 and could potentially test the resistance level at R435.00, in our view.

Gold Fields made a positive break by breaking upwards through the downwards sloping resistance level at R162.00.
The share could potentially trade higher and test the resistance level at R201.20, in our view.
Gold Fields has reached the target level of R201.20 and looks set to move higher and could potentially test the resistance level at R251.00, in our view.

Harmony made a short-term positive break by breaking upwards through the downwards sloping resistance level at ZAR51.50.
The share could potentially trade higher and test the resistance level at ZAR62.40 and if breached to the upside could test ZAR72.00, in our view.
Harmony has reached its target price and looks set to move higher and could potentially test the resistance level at R95.00, in our view.

This report provides a technical analysis of SA Gold Shares for AngloGold, Gold Fields, and Harmony.