$NEM – Leading Gold Stock Nearing a Key Inflection Breakout

Newmont (NEM) is one of the leaders in the gold sector, and it’s now pushing right into the 91.50–92 breakout zone — a level that has acted as major resistance for months. This is a high-stakes inflection point.

🔹 The Setup:

Price is tightening underneath 91.50–92, a clean horizontal resistance.

NEM has been showing relative strength, tracking gold’s move nearly tick-for-tick.

Structure is clean: rising EMAs, bullish slope, and volume building underneath the trigger.

🔹 Why This Matters:

GLD itself looks fantastic — tightening, trending, and primed for continuation.

When gold futures and GLD look this strong, leading miners like NEM tend to run first.

This is exactly the kind of setup where institutional money steps in.

🔹 My Trade Plan:
1️⃣ Entry: Add through a clean breakout over 92 with volume confirmation.
2️⃣ Stop: Under the 9 EMA — tight and mechanical.
3️⃣ Target: Trend continuation, first into prior pivot highs, then toward measured move extensions.

Why I Like This Setup:

Leader stock + leader sector = high probability.

Technicals and macro backdrop (rates, inflation tailwinds, dollar softness) all point the same way.

NEM is often the “tell” for the entire gold complex — if this breaks, the whole sector could run.