technical analysis chart

Technical Breaks, Ideas & Insights – Positive breaks on SA Gold Shares

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.

Gold Fields made a positive break by breaking upwards through the downwards sloping resistance level at ZAR162.00.
The share could potentially trade higher and test the resistance level at ZAR20120, 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.