Latest Sharetalk Zak Mir opinion8 Nov 2025 12:53
“Greatland — consolidating after a gold-fuelled peak
Greatland pushed sharply higher last month as the gold price surged, and now it is settling back into support. That support looks to be the old June resistance zone, which is holding around the 350p area.
Technical picture and targets
50-day moving average sits around 351p, which is a solid level of support right now.
Bear trap rebounds from just below the rising 50-day are a positive sign that buyers are stepping in.
Recent resistance comes in around 374 to 375p. A clear break above that should open the path higher.
Upside potential — the top of the channel could take the shares as high as 450p, perhaps by January at the current rate, or sooner if gold pushes to fresh highs.
RSI has returned above neutral 50, which supports the case for a breakout so long as there is no end-of-day close back below the 50-day line.
Bottom line: the 350p zone looks fairly entrenched as support. As long as Greatland does not close back below the 50-day, I am looking for a breakout through 374-375p and a run toward the channel top near 450p.”