CFD Trading – Buy Royal Gold (RGLD.NAS) @ $109.10. Stop @ $104.10 and Target @ $126.00.

Royal Gold Inc. Stock Code RGLD.NAS

Price closed above the cloud last Friday for a second consecutive closing above the cloud. This could be a sign of a possible reversal in trend from the bearish trend that started on 17 September 2020.  Conversion line and Base line are both in the cloud and has yet to have a bullish crossover. Lagging Span is above price of 26 days ago but is below the cloud at the moment. Lagging Span, Conversion and Base lines are unable to confirm the change to bullish trend at the moment. MACD had a bullish crossover but is below the zero line.

$109.10              Buy
$126.00             Price Target
$104.10              Risk Management Stop
3 weeks              Trade Duration

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