Wishbone Gold Price: WSBN Trending Downward, Establishing a Base

PUBLISHED: Nov 18 2025 @ 22:03 | Comments (0) | More info about Azeez Mustapha

Recent trading sessions for Wishbone Gold Plc (LSE:WSBN) showed sustained selling pressure pushing prices lower, while buyers began defending key support levels. The market gradually stabilized within a narrow range, suggesting a base formation amid the ongoing downtrend.

Over the past several trading sessions, the stock experienced consistent downward pressure as sellers dominated the market, pushing prices lower toward underlying supports. Gradually, buyers started stepping in at key support levels, stabilizing price action within a defined range. This interaction between sellers and emerging buying interest is fostering the formation of a base, signaling potential consolidation before the next directional move.

Resistance Levels: 1.25, 1.5, 1.75
Support Levels: 0.6, 0.55, 0.5

How Does WSBN’s Downward Trend Respond While EMAs Remain Positioned Above Key Trade Lines?

WSBN Plc’s downward trend persists as EMAs remain above critical trade lines, indicating sustained resistance. This suggests that while short-term selling pressure dominates, potential bullish reversals may emerge once buyers regain momentum and challenge these EMA levels.

The Stochastic Oscillators have firmly entered the oversold region, indicating heightened selling pressure. Candlestick formations continue to trade below the sell-signal zones of the moving averages, while the 15-day EMA remains closely aligned beneath the 50-day EMA, reinforcing the ongoing bearish momentum. This setup suggests potential for a short-term rebound once buying pressure reemerges.

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