any breakout 21-EMA to the upside can cause the local resistance trendline if resistance 21-EMA remains valid more below is expected to 1790$.
Price tends to retrace back to area from which it breaks out from if that level is held as support then the breakout is confirmed and gold brokeout from a cup and from a cup and handle it has been forming since 2010 we are now back testing level that it brokeout from confluent with the monthly 9 ema which is a huge sign of strength
Newmont Corporation ( NYSE:NEM ) Sector: Non-Energy Minerals (Precious Metals) Market Capitalization: 65.607B Current Price: $82.78 Breakout price (hold above): $80.10 Buy Zone (Top/Bottom Range): $77.65-$74.05 Price Target: $89.20-$90.90 Estimated Duration to Target: 65-68d Contract of Interest: $NEM 6/17/22 90c Trade price as of publish date: $2.56/contract
Non log Circle had predicted perfectly our last run to 1920$. GOLD had completed a Cup & Handle pattern (Cycle Wave 4) that started at the end of 2011. Logarithmic Fibonnacci Circle 361.8% (from SuperCycle Wave 1 to Wave 2) had predicted that SuperCycle Wave 3 can go up to 4391$. A breakout of 1920.94$ resistance can push gold for more upside before 2025. On the...
Is it finally time to be bullish on gold and silver mining stocks? A lot of indicators are pointing to YES. There will certainly be pullbacks along the way, but with interest rates rising and war tensions overseas, precious metal stocks are beginning to gain a lot of interest. NYSE:AUY will be the perfect example of that. The featured content is intended to be...
The gold market seems to still feel the aftereffects of its New Year’s Eve party in its bones. After a period of rise into the blue area between $1816 and $1865, we primarily expect the price to lose steam and fall below the support lines at $1753, $1721 and $1673. Alternatively, the celebratory mood could last, so that the gold price could reach even higher goals...
Due to the failure of the uptrend line and also the completion of the pullback after the failure of the 1763$ level, the price decreased to the previous floor.
MANAPPURAM in upwards channel. Expect it to run within this channel. I also see another trendline within the channel marked in blue lines. Though Manappuram sold off recently due to bad results, long term trend is bullish , as gold prices will shoot up high in 2022 due to Inflation across the world and currency devaluation. If it breaks out above the channel,...
African Gold Group Closes Oversubscribed C$5 Million Private Placement ursuant to the Offering, the Company issued 36,744,285 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.14 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase...
Wait for confirmation on the order block, and take care of your risk management. Goodluck
After the recovery of gold for a week, we expect the price to drop to correct, God willing
SUMMARY Technical Analysis: I am long the stock because I see price action has completed a corrective ABC pattern on the daily Chart. From here price action could develop a bullish counter trend. Fundamentals: The company has commenced drilling at their High-grade Willoughby property. The Company is cashed up and IF! they hit bigly then share price pushes...
It appears as though GBR is displaying some bearish indicators coinciding with a price decline into a descending channel. The Williams Alligator is showing a bearish cross and the bands widening pointing to the downside showing bearish strength.
Good day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as...
Gold stocks index peak August 19 area based on oscillator projection
You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here... i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven". Trading parts is...
Currently trading in a range and choppy in the current demand zone. Active sequence engaged since mid April when the 9ema crossed the 21ema and has been support. NO clear direction until 1750 is broken or 1820 is cleared for further direction. Other than 9ema and 21ema being short term support. RSI making higher lows and climbing.