Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AU - a gold mining stock rises with spot gold LONG
AngloGold Ashanti PLC
Long
AU - a gold mining stock rises with spot gold LONG
By AwesomeAvani
Follow
Follow
Updated
Apr 2
1
Cheer
Cheer
2
2
Apr 1
AU AngloGold Ashanti has operations in a variety of locations including North America and Africa.
With spot gold rising and mostly fixed operational costs, AU stands to improve its overall
margins. Here on a weekly chart, price has crossed over the POC line of the volume
profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative
Trend Index indicators are showing reversals from bearish to bullish. Price action is in
a symmetrical triangle. Price has 20% upside before reaching the descending resistance
trendline which may take a month or so. I will open a long trade here looking for a best
entry on a 120-240 minute chart.
Apr 1
Comment
Zoom -in chart
Apr 2
Comment
Price continues to move up. Gold and silver both moving well.
anchordvwap
AU
Earnings
goldbug
goldlong
Moving Averages
pricemomentum
relativetrendindex
Volume
XAUUSD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.