JSE:GFI Gold Fields Time to Look at Gold Stocks Again

After a significant pullback in gold stocks, there are some good signs of strength with Gold Fields one of the strongest and above its yearly pivot point. On the pullback, buyers stepped in below R150 of GFI. Price has pushed out of the trading range formed after the pullback with some significant bars. Other gold stocks are showing similar signs. With these signs, it is now a good time to look for good entry levels on a pullback to the accumulation trading range on a number of stocks. For Gold Fields, this is also the yearly pivot point.