$AU (Anglogold Ashanti) Breakdown support and EMA 200. Daily chart.
This is undoubtedly the trade of the week, or rather following week (considering the fact that the markets are now closed at the time of writing). The stock price has been parabolic to the upside and you would feel your stomach churn if you thought of where to enter and where to put a stop loss. But I will not be providing you with a sense of safety as trading is...
Anglogold Ashanti $AU This looks like a wave 4 at channel support setting up a break above the 38.2 Fib #gold $GC $GLD $SLV $GDX $GDXJ
JSE:ANG has formed a head and shoulders pattern which is a top reversal pattern. It is looking good for a downward move if it breaks through the neckline convincingly. I will wait for this confirmation before entering.
JSE:ANG broke out of an ascending triangle pattern a few days ago and came down to test the top of the triangle as support. If it breaks the fractal of the 19th, it could make a nice move upwards.
JSE:ANG has formed an evening star pattern which is a top reversal signal. I will wait for it to break below the 18th of June's candle. After a preceding up trend, 2nd real body must be above the 1st and 3rd candle bodies. The 3rd candle must close below 50% of the 1st real green body. Colour of the small 2nd real body doesnt matter.
Think the chart says it all - a very important level of support here on the jse gold miners index. Also a 61.8 retracement of Nov/Dec low & Feb High. Perhaps a very decent area to accumulate gold miners once more. Ties in nicely with gold spot price breaking out its wedge #Bullish - #anglogold #sibanyegold #harmonygold #goldfields
JSE:ANG has broken through a descending resistance line and could continue upwards. I will wait a bit to see if the direction is confirmed before entering into a long position.
Below is the bullish trending channel broken out, we can either wait for the re-test of the breakout which is also at the GAP area i.e. 18956 to enter the sellers or we can sell at current market price.
Anglogold Ashanti Limited gold related american stock buy opportunities with monthly demand level around $7.50 in control and creating new monthly and weekly demand zones after creating a very strong bullish impulse as a reaction to that imbalance. New monthly and weekly demand levels created around $10.40 and $10 respectively. We cannot and should not sell short...
AngloGold Ashanti is an internationaly acclaimed gold mining company with a geographically diverse and world-class portfolio of operations and projects. Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold mining company in the world, measured by production. The company was established in 1998 when the gold and uranium interests...
The AngloGold Ashanti Limited (AU), Has good fundamental statistics ceriteria. about 4B market cap and over 3m Avg Volum, in addition of negetive "BETA" make this instrument very special for the time while most of the US and Global indecies carshing, AU going UP. When the first daily candel closes above Fourth EW wave, please set up a buy stop on top of that for...