Wishbone Gold Price: WSBN Surges Higher, Reversal Is Risked, Hitting 1.5

PUBLISHED: 03 Sep 2025 @ 19:28 | Comments (0) | More info about Azeez Mustapha

It has been observed that bullish-driving forces have been positioned to prevail over overhead barriers since the commencement of business operations in July within the trade lines of Wishbone Gold Plc (LSE:WSBN), as the stock’s economic setup indicates a stronger upward surge, though the price now risks a potential reversal after hitting the 1.5 mark.

Though the price now risks a potential reversal after hitting the 1.5 mark. Traders should exercise caution, as momentum signals suggest possible cooling, and failure to sustain above key levels may trigger renewed selling pressures.

Resistance Levels: 1.75, 2, 2.25
Support Levels: 0.7, 0.6, 0.5

Could Wishbone Gold Plc Sustain Above 1.5, or Will Momentum Cooling Trigger Selling Pressures?

The Wishbone Gold Plc market must defend the 1.5 level to avoid downside risks, as momentum cooling limits upside potential and failure to sustain may trigger deeper selling pressures.

The 15-day EMA indicator is positioned at the top side of the 50-day EMA indicator, clearly showcasing that buying forces are steadily on the rise. The stochastic oscillators have traversed northward, placing in the overbought region. And their consolidation moving bid could possibly produce further increasing upward trade velocities subsequently.

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