Today we will take a look at Yamana Gold. We posted about Barrick Gold yesterday and XAU/USD last week (link in related ideas). Today we will put them all together.
On the Weekly chart, we observe two clear structures.
a) The support resistance zone from 2015
b) 280 days ABC flag Pattern
As we have a clear impulse before the Flag pattern, we can draw Fibo...
With gold prices on the rise and the planned listing on LSE Yamana is looking very bullish. Today we broke and closed above a major trend line going back from Feb. 2019. This is a good move signaling for the price to move even higher in the coming weeks. I have an old support area marked where its possible the price could get rejected at $7.25. Fingers crossed...
Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted...
*Ready For Retracement ....coz reversed in coloured zone for confirmation wait till candle close below the dotline
*Strictly maintain stoploss
*Feel Free To Ask Your Doubts
If You Want To Scalp You Can Do Scalping Also
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
*Please Consider To...
I have been looking at this chart for ages now and also actually took a position like 2 years ago, bought a little more when i had the chance to buy lower and now here i sit and wait.
Very interesting chart, i think it's almost too good to be true, looks perfect to me.
Would love to hear more opinions on it!
Planned keeping this chart private as I have quite a few markets I keep an eye on this way because I do not have the patience to write up an analysis and publicly share it. But thought why not, anyone following my charts will know yellow lines represent bottom and where to put in a buy up. Chart speaks for itself really.
Anyone see what platinum has been up to...