TECHNICAL ANALYSIS OF GOLD BULLION, 28th OF NOVEMBER 2010
Presented in co-work with Hausse & Baisse
GBB daily chart:
The stock has periodically been traded at high volumes, which confirmes that a broad audience follows GBBs progress. Unlike other companies in the gold sector, its stock rate has been very strong and with low volatility. This infuse security. The last couple of months trading sessions have parked GBB in an pause mode in range between 60-68 cents and I really want to see a closing bid for the day at above 70 cents for renewed signal to buy. This together with high volumes, could give us bids over 1 CAD coming winter.
GBB weekly chart:
The weekly chart over GBB is the most challenging of the four (ALR, day and week, GBB, day and week) that is published today on Gold for everyone. Major forces can be released when both indicators confirmed a positiv cross-over. We also have a nice interpretation by MA5 and MA20 (moving averages, 5 days and 20 days), both heading north again. We may not forget that other junior gold explorers have gone far north the last couple of months, meanwhile GBB has paused. Maybe there is time for “take-off”? The odds looks very good for that shortly…
Gold for everyone 