Should You Buy Centerra Gold Inc (CGAU) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY now for a beginner, long-term investor. CGAU is in a strong uptrend (bullish moving averages + positive/expanding MACD), has a clear positive operational catalyst (Mount Milligan permits extended through 2035), and sentiment is bullish (very low put-call ratios + recent price target raises/upgrades). Despite being technically overbought (RSI ~89.6) and likely to see near-term digestion, the long-term setup is favorable enough to justify buying immediately given the user’s impatience and long-term preference.
Technical Analysis
Trend is bullish: SMA_5 > SMA_20 > SMA_200 confirms a strong uptrend, and MACD histogram at +0.3 is above zero and expanding (momentum strengthening). However, RSI_6 at ~89.6 signals the stock is overbought and prone to a near-term pullback/sideways consolidation. Price is trading around key resistance: R1 ≈ 19.721 (current 19.74 is slightly above it), with next resistance at R2 ≈ 20.816. Key support is the pivot around 17.949 (then S1 ≈ 16.177). Pattern-based projection also leans bearish short-term (estimated -1.02% next day, -2.76% next week, -5.4% next month), which fits the overbought reading—but does not break the longer-term uptrend unless key supports fail.
