Type : Bullish Rise
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75
Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud, we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance...
This is an analysis on AngloGold Ashanti. From an inflation point of view I think this is a good stock to invest in as gold is also now turning the trend more upward, ANG could also have a big swing up.
Disclaimer: This is just my opinion on the stock. Tread carefully and best of luck to all the other investors out there!
October Mini Gold is setting up for a Bearish Butterfly and/or double top at 1300. Predicting Bullish Shark following. Gold is bullish rather than bearish overall, so drop may not be significant after Butterfly. RSI is overbought.
