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Kinrossgold

Kinross Gold - 6:1 Long w/ Multiple ConfluencesThe weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%). As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. This chart was developed on the 1D frame and the entry was made on the hourly, and is here presented in the 1W version to accentuate the Trend Exhaustion Wedge w/in the Fib Space as fully as possible, albeit w/ some loss of detail. In fact, I generally prefer to trade on lower timeframes, so I execute swing trades like this one directly via my bank, in lieu of a savings account (which is NOT financial advice, by the way). Furthermore, a tighter Stop Loss at $4.71 (instead of the $4.64 shown here) offers a 9:1 Risk-to-Reward ratio. When it comes to most mining stocks, I tend to rely on pure price action based on tight line-work, with a minimum of indicators. Besides the obvious Harmonic W, a variety of patterns are on display here, including a descending Three Drives followed by an ascending version. The profit and retracement targets are passively based on Fibonacci ratios, and dynamically based on the VWAPs anchored at the C-point of the harmonic pattern. A volume profile is also anchored there, although it will become less valuable over time on the 1D chart, and is already invisible on hourly charts. One indicator worth noting, though, is the correlation histogram with First Majestic Silver; the periods of divergence should be especially interesting to lower timeframe prospectors. In fact, especially when I look at mining charts, I prefer to study their correlation either to the underlying asset or, better yet, to some other lesser-correlated asset in the same "genre". I will discuss both Kinross Gold and First Majestic Silver in forthcoming videos and streams on strategic and/or monetary metals. This will give you an opportunity to see what these charts look like on lower timeframes, and to ask questions. Until then, be liquid !!!
NYSE:KGCLong
by TheLeadingIndicator
2
Kinross Gold (NYSE: $KGC) Wicks Thru 0.786 Fib Retracement ⭐Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
NYSE:KGCLong
by Bullishcharts
5
Kinross Gold (NYSE: $KGC) May Return To ATH of $32 Per Share! 🥇Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
NYSE:KGCLong
by Bullishcharts
1
KGC, The Barometer For Easing Tensions?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 10, 2022 with a closing price of 5.45. If this instance is successful, that means the stock should decline to at least 5.39 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 8.029% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 12.591% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 21.953% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:KGCShort
by StockSignaler