Market analysis from Herenya

Herenya Broker

No real setup here for now. This is a bilateral longer-term pattern though (descending triangle), so it can go either way from here. For now the plan is to remain patient and wait for a setup.

Herenya Broker

Currently long, stop loss below R32.00.

Herenya Broker

Trailing stop loss at R122.66.

Herenya Broker

We took the long trade last week, although so far it's not working out. Stop loss is below the triangle support.

Herenya Broker

Currently long the range break.

Herenya Broker

2 scenarios - bounce off support for move to upper resistance: really high risk-reward - break support and keep trending = long with tight stop

Herenya Broker

Our long setup here has failed and it's starting to look like the bear flag is in play.

Herenya Broker

It was close, but it triggered a long.

Herenya Broker

ANG long stopped us out. Perhaps a short from here? Our thinking here is that any Gold short needs to be hedged at this stage... so not sure that we will get involved here.

Herenya Broker

Perhaps a missed opportunity? Potential topping pattern though.

Herenya Broker

All time high reached... higher from here? Decent setup, but needs a confirmed trigger.

Herenya Broker

Looking like it might pop!

Herenya Broker

Bear flag clearly broken here.

Herenya Broker

Support zone needs to hold to keep uptrend intact.

Herenya Broker

Up, up and away! Resistance broken, trailing stops.

Herenya Broker

Support broken, closed on the lows... looking bearish.

Herenya Broker

Well on its way to target.

Herenya Broker

If history repeats itself here, we are in for a year or five of much higher prices.