It seems that a Cup & Handle pattern is forming on the Daily chart(marked in YELLOW)
For some technical details of the pattern you can visit the link below:
TRADE IDEA (longer term swing trade)
1) Wait for confirmation break above 7100 to validate the pattern
2) ENTRY break of 7100
3) STOP < 6500
4) TARGET 8700 -...
Harmony price has been moving in a descending channel and is currently at the bottom end of it.
Technically a bounce in price is possible if the pattern persists.
The Gold price has been trading sideways for the last week or so and price should remain > 1845 to support a potential bounce for gold producers,
Monday's price for Harmony will determine if a trade is...
On Daily chart a Hammer formed on Friday Nov 20th.
TRADE OBSERVATION (Short term - warning it is countertrend)
Firstly - Monday (Nov 23rd) price must trade below Friday's close < 1664
Secondly - After trading below 1664, price must trade through/above 1664 before long entry is initiated.
Entry only valid once 1 & 2 materialized.
Entry > 1665
Stop < 1611 i.e...
When reviewing the Weekly chart there is a possible Demand/Support zone at 3000-2900.
RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone.
Aggressive entry < 3100
Ideal entry < 3000 if it gets there
Target 1 @ 4500 - 4600 (Profit around 50%)
Target 2 @ 5000 - 5200 (Profit around 65%)
Risk around 16%