A Royal Breakout for Royal #Gold $RGLDExpect a royal breakout. Upside target at least $200. That is at least 40% from top range. Probably could happen after presidential election.
NASDAQ:RGLD
Goldstocks
Gold Challenges New High - Expecting More Upside Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022.
However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the implications for inflation and ultimately interest rates down the road?
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
GOLD → BUY SETUP | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see going UP from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Harmony prepping for potential upside - Wait for breakoutHarmony is one of the laggards with Gold.
While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout.
Once it breaks above, we will definitely get long and hold with a strong Risk to Reward.
But right now patience is important, cause it could also fall South quickly.
In fact, if you draw a Rectangle formation instead of an Inv H &S, it means that whether it breaks down or up, it could provide a very decent trade signal.
My bias is up purely based on being a golden bull this year.
Harmony not looking so harmonious in 2024 M Formation has been forming since November 2023 where the high was R120.
There are lower highs forming and it looks like the price is about to crash down.
This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market globally.
If the price breaks the neckline, we could see the target at R82.29.
Thoughts?
DRD Gold Laggard but ready to shoot up - R24.65W Formation is forming on DRD Gold.
It's been a slow process, considering how many gold stocks have been outperforming the index itself.
But we are seeing signs that it's nearly DRD Gold time to shine...
The price is close to the neckline which needs to breakout. We also need to see a confirmed close and strong move above the 200MA.
The target remains at R24.65
ABOUT THE COMPANY
1. Company Overview:
DRD Gold Limited is a South African gold mining company.
DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment.
The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa.
2. Operations:
DRD Gold's primary operations are centered around gold recovery from surface tailings.
The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps.
Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
This area is known for having some of the most substantial gold deposits in the world.
3. Focus on Tailings:
The company is known for its expertise in the retreatment of gold-bearing surface tailings.
4. Location:
The company's operations are likely to be situated in the Witwatersrand Basin in South Africa, a region historically rich in gold deposits.
#PAN Monthly chart looking very constructive for bigger moveThis has to be one of the best looking Gold mining stocks you are going to find. Since 2008 it has consistently moved higher, something not often see in this volatile sector. A well-run operation and the chart proves just that.
As this is a monthly chart, the time on this is more longer-term in nature but I think It's not a bad stock to put in the bottom drawer and forget about it. With gold looking likely to blast above $2000 in the next few weeks or months, this stock can be a massive beneficiary of such a spike in the gold price.
Chart has been in a solid uptrend with an increasing >50 month ma, higher lows and looks to be consolidating now with a sold base at R2.80-R3.00. It has also bounced off the uptrend from 2018 and also seems to be forming a triangle formation if you looking at closing prices. Triangles are generally bullish continuation patterns with an expectation for the next move to continue in the direction of the preceding move which is up. Comments on the indicators can be seen on the chart and also supports the constructive price action.
All in all - I think this is a great setup for a medium-longer term hold.
AGI, GOLD-Market GEM, Major EXTENSION Because of THIS Factor!Hello There!
Welcome to my new analysis about AGI, a major gold-market gem I recently spotted, and added to my watchlist because of the major underlying factors prevalent here. As I already pointed out the major gold-market gems that are going to emerge with epic growth rates similar to those seen in the gold rushes within the gold market history, the most important part in my analysis and watchlist is to distinguish the diverging gold stock categories.
Because the major gold-backed currency-system implementation acceleration is not going to affect all of the gold stocks in the same manner!
The implementation of a gold-back currency system is important for three categories of Gold Stocks I detected:
1.) Gold Stocks that will emerge with a massive bullish volatility increase no matter the size of the gold-backed currency system implementation.
2.) Gold Stocks that will emerge with a massive bullish volatility increase when the necessary technology and high-tech are backing the gold-backed currency system implementation.
3.) Gold Stocks that will only emerge with a massive bullish volatility increase when the gold-backed currency system is implemented in a big enough economic field together with the necessary technology and high-tech backing.
Now, with distinguishing the major categories of gold stocks within the gold stocks market it is necessary to spot primarily those stocks that have the most potential to move along with the important real-time developments in the actual gold-backed currency-system implementation. Because, when the gold-backed currency-system implementation is moving forward with a simultaneous acceleration of the actual technology and high-tech gold market stocks of all three categories will have a substantial potential to accelerate with heavy bullish volatility growth rates when the economic field of gold-backed currency-system implementation is big enough.
Therefore, as I have analyzed AGI the gold stock falls into the first category of gold stocks within the market as the major bullish wave is already established and the underlying factors are supporting this bullish wave expansion. The gold-backed currency-system implementation no matter the size of the economic field is going to accelerate this trend dynamics heavily and the already established trend is going to increase at a minimum of 8x faster pace. AGI is a typical gold stock of category 1 as it is emerging with the underlying technicals as well as gold market backing to emerge with this major price action acceleration.
When looking at my chart AGI already completed this massive descending channel formation with a huge upper boundary breakout above which it accelerated and now moved further to mark a major formation structure with the main diamond-continuation-formation that is building up above the breakout areas. Furthermore, AGI already established the main underlying price-action-trend-dynamic with the coherent wave-count that is going to unfold the full potential once the breakout above the upper boundary has emerged as it is seen within my chart. Also highly important here is the fact that AGI already completed the main bullish EMA crossover with the 35-EMA marked in orange crossing above the 65-EMA.
Taking all these factors into consideration AGI is on the verge of the most epic breakout development within the whole price-action chart. Especially as it is already rallying this rally will accelerate heavily on the upcoming gold-backed currency-system implementations. The target zone only for this current ongoing trend is as marked within my chart within the 100 level and especially with the further continuation of the gold-backed currency-system trend with the necessary technology high-tech backing there is also potential to move beyond this level. Nonetheless, in this case, it is also highly crucial that not a severe inflation wave shows up within the market or the potential recession accelerates to a major depression because this is going to reverse into a more bearish perspective.
Nonetheless, currently, there are more factors determining this historical gold-backed currency trend expansion to emerge and therefore it should be the prevalent considerable scenario. Therefore I am going to keep the gold market gem on my watchlist and adjust to the most determining factors with the changes emerging.
In this manner, thank you everybody for watching my analysis of AGI. Support from your side is greatly appreciated.
VP
GFI, Main GOLD-Gem, Essential POTENTIAL, Important Indications!Hello There!
Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation as well. When such a dynamic is adopted with the appropriate setup, supply-chain adoption, and disdain of outdated technologies then there is a chance that GFI also accelerates faster than the actual price-action indications and the actual trend is backed by fundamental factors which is in many cases essentially a noteworthy added value to a stock.
Nonetheless, GFI besides these underlying indications also forms important charting price-action indications that I have spotted and analyzed. When looking at my chart it is seen that GFI is trading within this major ascending uptrend channel in which it already had several support levels confirming with important bounces towards the upside and now GFI also had the ability to confirm the 100EMA and 45EMA as important supports in which GFI bounced several times and already formed an important bullish EMA crossover. Also, GFI already bounced several times within the orange structure support zone marking the main support zone together with the EMA supports.
What is the most important part of the whole structure GFI is forming here is this main broadening-wedge formation that is already in the final completion stages and is going to be finally completed with a final breakout above the upper boundary as it is marked. This is going to activate the upper target zones within the upper boundary zones as marked. In this case, it will be highly determined when the necessary technology-backed gold-backed currency implementation moves forward appropriately because this is going to have an underlying bullish effect for GFI in which the price action can advance faster and complete the main formation faster.
Thank you everybody for watching my idea about GFI. Support from your side is greatly appreciated.
VP
Anglo-AshantiThe previous bullish idea has been invalidated. JSE:ANG failed to find support at the support level, and to bounce at a key MA. JSE:ANG has broke below the 200 dMA, not looking for long opportunities as long as it remains below this level.
Anglo AshantiJSE:ANG could be onto something. The stock cracked weeks ago witht the rest of the gold stocks. We noted a potential support level, and now the stock is trading above a key MA. It looks bullish to me.
DRD Gold broken above the falling flag - BullishFalling Flag has completed on DRD Gold. It started on 9 May 2023, where the price came trickling down in a falling rectangle formation.
The price now has broken above, which signals high buying and demand liquidity.
This will push the price up.
Other indicators confirm:
7>21>200MA
RSI>50
Target 1 will be to R25.24 at the top of the pattern.
ABOUT THE COMPANY
DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment.
The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa.
The company primarily operates within the Witwatersrand Basin, located in the province of Gauteng, South Africa.
This area is known for having some of the most substantial gold deposits in the world.
The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps.
They specialize in the recovery of gold from surface tailings.
Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
Gold Triple TopAnalyzing the monthly price chart, a significant pattern emerges - the Triple Top formation from 2020 till now. The Price Percentage Oscillator (PPO) and Traders' Dynamic Index (TDI) indicators further shed light on the situation. Here's my take on short-term and long-term price analysis and projection.
The Triple Top pattern indicates three consecutive peaks at roughly the same price level, suggesting strong resistance. This suggests caution as it may signal a potential reversal or consolidation phase for Gold. The triple top pattern is a bearish reversal pattern that occurs when prices reach a high three times in a row, each time at a slightly lower level. This pattern suggests that the uptrend is losing momentum and that prices may be due for a correction.
Looking at the PPO indicator, it shows a bearish divergence with the price, indicating weakening momentum. This supports the notion of a possible pullback or correction in the short term.
The TDI indicator highlights a potential shift in market sentiment. The green RSI line has been in decline as price remained elevated and could imply a downtrend is forming.
In the short term, given the Triple Top pattern and the bearish signals from PPO and TDI, Gold may experience a downward correction or consolidation phase. Support levels to watch include $1,700 and $1,600.
In the long term, caution is warranted. If the Triple Top is confirmed, it may trigger a more significant trend reversal. Key support levels to monitor are $1,500 and $1,400, while resistance remains near $2,000. The short-term technical analysis suggests that gold prices may be due for a correction in the near future. However, the long-term technical analysis suggests that gold prices are still bullish and are expected to continue to rise in the years to come. Investors should consider taking profits in the short term and waiting for a better entry point in the long term.
Please note that this analysis is based on technical factors and historical patterns, and it's essential to consider other factors and conduct further research before making investment decisions. Stay informed and adapt to changing market dynamics.
UPDATE GoldFields slight pull back before heads to target R346W Formation formed on GFI a while ago.
The price broke up and since then it was moving up for the first few weeks.
Then when the gold price started its consolidation, so did the gold companies.
This has formed a falling wedge. Once the price breaks above the pattern, we will see it continue its upside.
RSI>50 - Bullish
7>21>200
Target R346.54
REALITY:
Holding onto this trade as a trader is very long in terms of duration.
Not only because we prefer our nature to be short lived with each market.
But also the Daily Interest charges add on. So even though the trade is well in the money, when you look at your portfolio you're earning less that you should when it hits the take profit.
Just something to keep in mind in the futre.
Gold Stock at a 52 week lowLEOCOR Gold Inc is a rapidly growing resource exploration & development company principally focused on strategic growth leveraging overlooked, undervalued or unexplored project potential in the province of Newfoundland, Canada. The province has become a hotspot for mineral exploration companies and investors looking for precious metals’ exposure.
Gold Stock at a 52 week low
JSE Top40JSE:J200 is now flat for the year, not total return. The market is all over; financials were strong, now weak. Gold miners attempted a rally that failed, they're on a second attempt now. Even JSE:STXFIN is now under pressure. It's probably a stock picker's market.
TSX Global Gold Stock IndexReady for Lift-Off 2.0: Gold stocks have been pulling back since beginning of 2023 but this looks like the final pullback before lift-off similar to price action 2018-2020
HOW TRUE IS THE GOLD SETUP???Gold since yesterday have been making crazy movements against technical analysis based on horizontal support and resistance zones...
Let's watch closely how it will play along with the diagonal lines.
Gold Testing 21-EMAany breakout 21-EMA to the upside can cause the local resistance trendline
if resistance 21-EMA remains valid more below is expected to 1790$.
Gold chart ready for athPrice tends to retrace back to area from which it breaks out from if that level is held as support then the breakout is confirmed and gold brokeout from a cup and from a cup and handle it has been forming since 2010 we are now back testing level that it brokeout from confluent with the monthly 9 ema which is a huge sign of strength
4/3/22 NEMNewmont Corporation ( NYSE:NEM )
Sector: Non-Energy Minerals (Precious Metals)
Market Capitalization: 65.607B
Current Price: $82.78
Breakout price (hold above): $80.10
Buy Zone (Top/Bottom Range): $77.65-$74.05
Price Target: $89.20-$90.90
Estimated Duration to Target: 65-68d
Contract of Interest: $NEM 6/17/22 90c
Trade price as of publish date: $2.56/contract
GOLD to 4391$ Supercycle Wave 3 before jan 2025Non log Circle had predicted perfectly our last run to 1920$. GOLD had completed a Cup & Handle pattern (Cycle Wave 4) that started at the end of 2011. Logarithmic Fibonnacci Circle 361.8% (from SuperCycle Wave 1 to Wave 2) had predicted that SuperCycle Wave 3 can go up to 4391$. A breakout of 1920.94$ resistance can push gold for more upside before 2025. On the 3M Chart GOLD took the MA14 which should provide more energy. Also GOLD is currently obtaining Monthly MA's support for a continuation.
7 key reasons why GOLD can continue this wave Cycle wave 5 higher...
1-Inflation
2-Russia mainly sold U.S. Treasury bonds to buy the bullion.
3-American Debt keep growing.
4-Monetary tightening
5-Domestic political gridlock
6-Possible World War 3
7-Rising tensions with China
8-Bad Fed Policies since 2 years
