With Gold set to out perform in 2021 we have focused on specific Jr’s within the space that we believe present large upside potential, Eric Sprott is a large share holder of Freegold and is now showing signs of a triple bottom. This past year Freegold has proven its sitting on a high producing claim and we feel now is the time to take advantage of the weakness in the precious metals names.
Symbol: FLV.v
Market Outlook: Taking a look at Freegold on the daily chart it has started regain the 21sma on the daily chart and forming a nice bottom around 0.77
Support: $0.77
- 21sma – $0.88 (Daily)
- 50sma – $0.89(Daily)
Resistance: $0.95 | $1.00 | $1.10 | $1.50
- Upper BB – $0.91
- Key Resistance – $1.00 (Daily)
Technicals: Freegold has found support off the 61.8% fib level and has now produced a triple bottom. It’s pushing back above the 21sma on solid volume at a time gold and silver are showing increased strength.
Sentiment: BULLISH
