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MarcoOlevano
Jan 21, 2024 9:33 AM

#AU AngloGold Ashanti bouncing off bottom of flat top triangle? Long

ANGLOGOLD ASHANTI PLCJSE

Description

Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
Comments
Thinus5422
Thank you for a great chart and analysis. January and February a strong seasonal period for miners. Good timing for a rally.
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