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AwesomeAvani
Apr 1, 2024 2:50 AM
AU - a gold mining stock rises with spot gold LONG
Long
NYSE:AU
1W
AngloGold Ashanti PLC
NYSE
Description
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Apr 1, 2024 2:50 AM
AU AngloGold Ashanti has operations in a variety of locations including North America and Africa.
With spot gold rising and mostly fixed operational costs, AU stands to improve its overall
margins. Here on a weekly chart, price has crossed over the POC line of the volume
profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative
Trend Index indicators are showing reversals from bearish to bullish. Price action is in
a symmetrical triangle. Price has 20% upside before reaching the descending resistance
trendline which may take a month or so. I will open a long trade here looking for a best
entry on a 120-240 minute chart.
Comment
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Apr 1, 2024 2:54 AM
Zoom -in chart
Comment
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Apr 2, 2024 9:45 PM
Price continues to move up. Gold and silver both moving well.
Volume
Moving Averages
Earnings
AU
goldlong
XAUUSD
goldbug
anchordvwap
pricemomentum
relativetrendindex
Comments
irma.kisely
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Apr 29, 2024 6:50 PM
I wonder if is this the right time to buy this stock
AwesomeAvani
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Apr 29, 2024 9:08 PM
@Irma
.kisely, I suppose it all depends on how long you expect to be in the trade. Today price went up over 3% - a good intraday trade for me to supplement a sizeable swing position.
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