$GLD Newgold ETF. Consolidation lower or bullish flag ?Is this consolidating lower or are we seeing a bullish flag . If this is indeed a bullish flag, a break would open the 4600 target. One to watch.
NEWGOLD
BTC HOLDING CYCLE PRICE ACTION AND CAN RETURN 65KBTC did break down in the last hours, but it is holding still the cycle trend.
BTC has still a high chance to return from this point trend of 60K to a level of 65K
BTC has many corrections on the way, and BTC was able to recover every time again.
sometimes it's better for BTC to get a correction to have a strong volume for an uptrend.
WE have seen last weeks BTC had issues with volume.
#GLD Newgold etf on the cusp of a massive breakoutNewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move of 7% in the rand price of gold.. Good, especially for our local miners such as DRD, Harmony and Pan African #DRD #HMY #PAN
New Gold bull runMy thoughts on New Gold.
Into break out resistance, this should bounce somewhere in this area.
It might even be the low.
Long term hold.
Be careful as the market never gives you certainties, only probabilities.
New Gold Inc /Gold Miners / Investment Idea
Fundamental side of The Idea :
Miners continue to outperform gold.
This ratio is now confirming a prior breakout with authority and making higher lows since March.
While all eyes remain on Gold and crypto , this industry is climbing a wall of worry.
About the company
New Gold's balance sheet is looking better thanks to a high gold price. However, all-in sustaining costs are very high and reached $1,550 per ounce in Q1'21, with an AISC of $1,586 per ounce for Rainy River. It is a red flashing signal.
The issue here is the lack of diversity. The company is running two so-so gold mines and doesn't have any leverage if something bad happens. So far, the gold momentum is helping but it wont for soo long.
The reasonable solution is to trade the stock and keep only a small long-term position , The company is clearly undervalued . let say untill The price Reach 7/9 $ range .
Do Not hesitate to Contact me .
S.Sadki
113% Gain. Closed. (NGD)Trade update: NGD
I have officially closed my 2 month swing trade on new gold inc for a 113% gain! 😁🥇
Why did I close and take profit?
The daily is showing sell off pressure as the candle forms the red doji crossover.
All 3 bottom ema dot indicators are going red.
Will take till end of market for all indicators to close what they show, went ahead and cleared the table and collected! 💰
Only one more pennystock left in my portfolio which is gopro.
🥇MLT | PRO TRADERS
New gold Inc, 118% (NGD)Update from last post on this one, we added on april 2nd as we found support on the downward channel for a knife catch. Sort of the same approach that I took to capture my current 75% gains on gopro stock.
This trade is still active.
3day has fired green strong non stop since then.
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New Gold IncHmmm. Potential expanding channel bounce off support. This one is a knife catch but could lead to 100% return. Diversify.
