AU Index Rallies from Demand Area as Bullish Sentiment GrowsThe AU Index experienced a significant development yesterday as it reached a key demand area, showing a strong rejection today that indicates potential bullish momentum. This demand zone, identified through technical analysis, has historically served as a pivotal point for price action, suggesting an opportunity for a price turnaround. With the opening candle reflecting a robust rejection of lower levels, traders are increasingly optimistic about the possibility of a bullish trend emerging in the coming months.
From a technical standpoint, this demand area presents a solid foundation for potential upward movement. The absence of follow-through selling and the strength of the rejection signal that buyers are stepping in to support the price. When coupled with historical seasonality patterns, which indicate a likelihood of gains during this period, there is a compelling case for a bullish outlook on the AU Index. Historical trends suggest that this time frame has often led to price rallies, providing further confirmation for those considering long positions.
On the fundamental side, the insights from the Commitment of Traders (COT) report paint an interesting picture. While retail traders are predominantly bearish, indicating a cautious sentiment among the broader market participants, the smart money narrative tells a different story. Institutional investors appear to be either bullish or in the early stages of building long positions, which can be a telling signal for future price action. This divergence between retail bearishness and institutional buying often creates an environment ripe for a market reversal, particularly as the smart money tends to lead rather than follow market trends.
Given these dynamics, traders are now on the lookout for a long setup on the AU Index. Emphasizing risk management and entry strategies will be essential in this endeavor. With the price showing resilience at the demand area and fundamental signals suggesting a shift towards bullishness, there is a growing confidence that the AU Index may be poised for a sustained rally.
In conclusion, the confluence of technical indicators, seasonal patterns, and the contrasting sentiments present in the COT report presents an enticing opportunity in the AU Index. As traders position themselves for potential gains, the next few sessions will be crucial in determining whether this demand area will indeed act as a launchpad for a bullish trend in the months ahead. Investors will be closely monitoring price movements, looking for confirmation to validate their long strategies in what could be an exciting period for this index.
✅ Please share your thoughts about AU in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
AU
AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity.
Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory.
With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points.
✅ Please share your thoughts about AUD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
AUDUSD 0.67582 -0.09% SHORT MULTI TIME-FRAME ANALYSIS + DXYHELLO TRADERS
Hope everyone is doing great
📌 A look at The AUDUSD At the close of ASIA GOING INTO THE LONDON, TO NY PM SESSION
* With a bullish run into Monday CLOSE ( PO3) today will be looking for some retracement.
* looking at the daily last week Friday failed to take high which is a sign of weakness on AU alike with EU & GU.
* Looking at the +FVG below as targets as well.
* on the 4H looking for a bullish open to take ASIA high LQ.
* PO3
* Push higher before going for lower structures.
* AU sweeping the ASIA HIGH.
* Looking for an AGGRESIVE MOVE back into the range.
* this where I would look for entries short.
* Looking for the take of that ERL.
* with two possible OTE ( ASIA HIGHS, AND LONG TERM HIGH) , EXECUTION IS BASED ON RR & RISK MANAGEMENT.
* DXY 4H
- Will wait for the DXY to take ASIA lows and trade back in the range as a confirmation as well...
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
|
* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys.
There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.
This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
AU D Sell Idea 3/10/24The Daily (D) time frame has made an inverted hammer off the top of the Weekly (W) consolidation zone.
On top of that price is wicking off the .786 FIB levels from a minor W FIB from 1/14/24.
Looking for price to push back down to a minimum the mid point of the W consolidation zone that started 1/29/24.
Gold analysis before NFP(4/5/2024)In our last analysis, we had anticipated the gold price to reach the 2300-2350 zone. right now the price has touched 2305$ and ranging.
We believe that the price has the potential to move upward and reach the 2325-2350 zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AU - a gold mining stock rises with spot gold LONGAU 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.
NGD - a gold mining penny stock is bullish LONGNGD on the highly reliable monthly chart has signs of bullish momentum including a cross over
the POC line of the volume profile,a monthly volume bar over the running mean for the first
time in two years price crossing over the mean anchored VWAP and both the trend and
the momentum indicators making reversals. I will open a long trade of both shares as well
as a lot of call options for mid- November striking OTM at $ 1.50. This junior miner
stands to gain earnings when gold prices rise proportionately more than established global
mining operations. My target is 3.5 just under two standard deviations above VWAP. I will
take off 1/3 of the position at 2.7 at the first standard deviation above VWAP in best practices
for risk management.
AUDUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
⛏️ AngloGold Ashanti (AU): A Mining Move! 🌍⛏️📊 Analysis:
Strategic Investment: NYSE:AU is making a strategic investment in G2, emphasizing exploration success as a growth driver.
Listing Shift: Plans to switch the primary listing from Johannesburg to New York are underway.
Major Shareholder: AU aims to be a major shareholder in G2.
Cost Management: Commitment to cost management is highlighted.
Bullish Sentiment: The analysis expresses a bullish sentiment on AU.
Entry Strategy: Consider an entry above the $16.00-$17.00 range.
Upside Target: Potential upside target in the $25.00-$26.00 range.
🌐 Note: Stay informed about mining industry trends and any developments in AU's exploration activities.
AngloGold Ashanti Surge Despite Production Challenges ReportAngloGold Ashanti (NYSE: NYSE:AU ), one of the leading global gold mining companies, recently disclosed its 2023 full-year results, revealing a 3% decline in gold output compared to the previous year. This setback was attributed to various operational challenges encountered across key mining sites in Tanzania, Guinea, and Ghana. Despite the decline in production and gross profit, the company's dividend payout also experienced a reduction. As investors assess the implications of these developments, it prompts a deeper examination of AngloGold Ashanti's ( NYSE:AU ) operational resilience and strategic outlook.
Production Challenges:
In 2023, AngloGold Ashanti ( NYSE:AU ) faced hurdles stemming from production slippages at crucial mines, notably in Tanzania, Guinea, and Ghana. Factors such as poor ground conditions at the Obuasi mine in Ghana and a carbon-in-leach tank failure at the processing plant in Siguiri, Guinea, significantly impacted gold output and operational costs. These setbacks highlight the inherent risks associated with mining operations, particularly in geologically complex regions. Moreover, the decline in ore tons processed and recovered grades underscores the operational intricacies involved in maintaining consistent production levels.
Financial Performance:
The company's full-year results for 2023 revealed a notable decline in gross profit, which fell by 9% compared to the previous year, amounting to $1.027 billion. This decline reflects the adverse effects of operational disruptions and underscores the financial implications of production challenges on profitability. Additionally, the decision to reduce the dividend payout from $0.23 to $0.19 per share signals a cautious approach by management amidst the operational headwinds. While dividend reductions can be disappointing for investors seeking income, they also indicate a prudent capital allocation strategy aimed at preserving financial stability and supporting future growth initiatives.
Operational Resilience and Mitigation Strategies:
Despite the setbacks faced in 2023, AngloGold Ashanti ( NYSE:AU ) remains committed to enhancing operational resilience and mitigating risks. The company's management has outlined strategic initiatives aimed at addressing the underlying issues that contributed to the production decline. This includes investments in infrastructure upgrades, technology adoption, and operational efficiencies across its mining assets. By prioritizing safety, sustainability, and productivity, AngloGold Ashanti ( NYSE:AU ) aims to optimize its operational performance and deliver long-term value to shareholders.
Investor Considerations:
For investors evaluating AngloGold Ashanti's ( NYSE:AU ) stock, the recent production challenges underscore the importance of conducting thorough due diligence and assessing the company's risk management capabilities. While operational disruptions are inevitable in the mining industry, investors should focus on the company's ability to navigate challenges effectively and execute its strategic objectives.
Conclusion:
AngloGold Ashanti's 3% drop in 2023 gold output, coupled with declines in gross profit and dividend payout, highlights the operational challenges inherent in the mining sector. However, the company's commitment to addressing these challenges through strategic initiatives underscores its resilience and long-term growth potential.
#AU AngloGold Ashanti bouncing off bottom of flat top triangle?Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
AUDUSD D1 - Long SignalAUDUSD D1
Similar setup here for the aussie/dollar. We managed to get off the ground a little bit faster here as compared to cable. That being said, we also got caught with that liquidity dump and spike, which punctured support and stops before flying higher.
I feel we may see some rejection at 0.63800, before then gearing up to break upside, largely depending on the DXY and if this can start to reject that resistance price we have indicated convincingly.
AUDUSD - Long Trade Idea (ICT)My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe.
Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Looking for Buys after market shiftFirst of all, we know that NFP is in 2h so all this analysis can be invalidated if we are not tagged in before the news and i have to cancel my limit order
Furthermore, this trade idea is based on HTF intention of price action and reading the market structure, so we will break it down starting from the Daily timeframe
1D
4h
1h
15m
and time for our confirmation entry
5m
no need to go lower on 1m bcs 5m is clean