My thoughts on New Gold. Into break out resistance, this should bounce somewhere in this area. It might even be the low. Long term hold. Be careful as the market never gives you certainties, only probabilities.
Cup is forming but no clear handle has formed. Ascending triangle with the top trendline being somewhat flat and is resistance until price breaks the trendline, which is has. No recommendation. ATH 62.22 3 Year high is 38.5. Yearly high is 26.77
NGD has been in a significant uptrend in February after making a double top that manifested a Cup & Handle pattern. Price closed above the descending trend line to break out of the wedge. ADX is showing the start of a bigger trend. First target 2.20 , 2.94, 3.57
looks bullish to me, c&H + wedge like pattern Broke out with volume. which is a ++.
Fundamental side of The Idea : Miners continue to outperform gold. This ratio is now confirming a prior breakout with authority and making higher lows since March. While all eyes remain on Gold and crypto , this industry is climbing a wall of worry. About the company New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...
Chart pattern: Bull flag Entry: 1.84$ (this would end the downtrend of the correction/bull flag) Stop: 1.69$ Target: 2.31$ Stopmanagement: ATR Stops 4H chart default settings Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1.6 Fibonacci extension of...
$NGD Target 2.32 for 20.62% Or next add level is at 1.54 I did not add here today. Just charting and Targeting and organizing. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as...
If we finish with the bullish engulfing Target1 2.05 Target 2.39 Divergence in Macd and money flow increasing
Potential gain:+25% Reward/Risk:5 Timeframe: 1-4 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...
Downtrend on the short term here. Looks like this MIGHT go into $1.6 - $1.7 range. Careful if you have a position might be better to exit and get back in at the support level. *Please leave a like if you found this post helpful*
Hey y'all, I have been looking at gold prices and if we can get back above $1960/oz we should keep running up to $2000+/Oz. If this happens have your eyes on NGD, I have options in this company for $3 strike may 21. They are extremely cheap and We could see 100% gain on these contracts or higher. Gold Is looking amazing for the 2021 year and multiple analysts have...
this is a 30 min chart based on NGD trend following a nice wedge. hopefully, the news on NGD excess profits will drive it past resistance.
I believe it will retrace once it reaches my red box and fall to my green box
Ngd is hitting major resistance. In my opinion, it will drop.
Weekly closing is important to confirm the breakout.