WGX trade ideas

jason_rpprt Updated 

WXG is currently in an ascending wedge with bearish RSI divergence with the MACD rolling over and on a smaller timeframe has formed another ascending wedge also with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $1.74, moving SL to BE when safe to do so.

Prakash_Power Updated 

Check the support and resistance lines. The current trend points to a upward potential to reach 1.72

T888Bo

had some nice support at 1.50 so if it can hold price over Sept thinking it could get a push for 2.00, if no big volume pushes higher then it will no doubt drop out of the trend.

T888Bo

Has had a decent run but it may fall into low volume to retest 1.20, then possibly back to 1.50

T888Bo

thinking it might bounce around in the low volume area and hopefully run back to 1.80 or so

RogueCleaner

WGX @ its lower range. buy it and sell at the upper range. when it breaks 1.08 that is confirmation gold is going higher as fiat is going lower. interest rates are way too low to fight inflation.

Hawkeye_Analytics

Westgold Resources is down approximately 30% over the past 4-weeks. Since listing in 2016, WGX has only experienced 4 consecutive down weeks on 10 occasions. Following this & looking 4-weeks forward, WGX provided an average gain of 5.9% with a 9 from 10 win rate. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance...

PAEYES

could be good here, reduce risk and expect to get stopped once or twice before getting the move

RogueCleaner

both 2 week and daily chart looking bullish. 4 previous days have been strong GREEN candles. buyers like this break out and price closing higher at the close. time to average up on WGX. gold will move higher too.. expect new highs in GOLD within the next month or so.

RogueCleaner

2 times the price has moved out of the range trade due to panic selling. I expect WGX price to move back into its price range channel.

AsimMirzaTrader

My trading Bias for WGX is Bullish as it has clearly and decisively broken and closed above the Bearish Trendline coupled with very High Volume. MACD is about to give a Bullish Cross Signal and RSI has come out of the Oversold region. TP ~ $2.40 (Potential Gain 13%) Stoploss - $1.75 Please note these are my own notes, by no means trading advice. Please do your...

AustralianGold

Nice H + S and volume

CocoPopo

Reverse Head & Shoulders Breakout ASX:WGX

Wiz_of_Oz

WGX is focused on development and production from its projects - Central Murchison Gold Project (CMGP) in WA & the Rover Project in NT. Together they contain a combined 3.92 million ounce of Gold. The price has formed an inverted H & S pattern & is at the neckline. Watch the price action for a favourable trade.

RogueCleaner

bullish chart pattern formed for WGX. yes time to average up again.

hlncapital

Setup is common across gold plays at the moment. Strong downtrend approaching long term horizontal support. Watch for a bounce.

GlobalTrader_

Will after selling a couple of months ago, slightly too early @ $2.35, I stopped myself from FOMOing in. Today we have a high probability that WGX will start moving up again. We have a nice candle here possibly hammerhead Price sitting right on support While touching the low trend of the Linear Regression. Bottom Finder Indicator and MFI signalling...

RogueCleaner

look at the consecutive break outs higher. lets see how the week close is... could close higher for the week