Yamana Gold (NYSE: $AUY) Gearing Up For Precious Metal Boom! 💥Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in August 2003. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
Yamanagold
Yamana Gold (NYSE: $AUY) Is Our Top Gold Stock For 2022! 🌟Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in August 2003. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
Long term view on Yamana GOLD - Weekly Flag PatternToday we will take a look at Yamana Gold. We posted about Barrick Gold yesterday and XAU/USD last week (link in related ideas). Today we will put them all together.
On the Weekly chart, we observe two clear structures.
a) The support resistance zone from 2015
b) 280 days ABC flag Pattern
As we have a clear impulse before the Flag pattern, we can draw Fibo extensions and project targets. In this case, we have Target 2 and Target 3 as an expected move after the breakout of the Flag pattern.
Target 1 is the first level for trades inside the Flag Pattern (There we expect another correction of a smaller size)
Now, we will add to this post 3 charts that may be relevant for Gold traders and Mining Companies.
BARRICK GOLD CORPORATION
GOLD FUTURES
Thanks for reading!
AUY - This is what Yamana Gold is doing... A giant bottom on Weekly Chart ?
( this is not a trading advise, consider your own risk while trading. )
Yamana Gold (YRI) LongYamana has a beautiful structure. Breakout out and having tested the lower fib line, on it's way to 70% gains.
Gold prices on the rise may nudge this before EOM.
Bullish Yamana Gold Inc. $AUY to $8.85?With gold prices on the rise and the planned listing on LSE Yamana is looking very bullish. Today we broke and closed above a major trend line going back from Feb. 2019. This is a good move signaling for the price to move even higher in the coming weeks. I have an old support area marked where its possible the price could get rejected at $7.25. Fingers crossed let's hope we can break above and test it for support once again. This I believe would bring us back to another old resistance area of around $8.85. Good luck traders.
AU: history repeats? Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted average that went looking for the price and accompanied it support throughout this channel (this pattern is likely to repeat itself). In February of this year, prior to the covid-19 crisis, the canal ceiling was broken upward with a significant increase in volume, after which the asset falls sharply and recovers in the same way. But this time, the increase in the price is more than 150% and after breaking the medium-term downtrend line (black line) it again exceeds the channel ceiling and unfolds it (green dotted line is now floor), exceeding the maximum at the end of February this year. Today the price corrects and contacts the 0.236 Fibonacci retracement that also converges with the bearish TL of the medium term (black line) and it seems that the paper generated a throwback to it and that is when we are presented with this great opportunity. The interesting thing about the current price situation is that from this point history can be repeated and in that case I have two objectives. The primary I postulate in the maximum of July 2016 and starting point of the medium-term downtrend line broken today; which represents a rise of more than 20% and as a second objective we have a relevant value from March 2014 that was support and that is now going to act as resistance, while the price is going to meet the upper secondary channel ceiling in US $ 7 which represents a rise from current prices of more than 40%. In case of losing the support in which the asset is currently located, it would greatly complicate the performance of the paper (and the proposed strategy) since it would fall back below the medium-term downtrend line. Although below it presents a relevant support in the 0.382 retracement to which the wma of 30 is clearly rising. If last year's asset behavior model were to repeat itself, now that the rally was more pronounced and the correction sooner, perhaps we would see the average of 30 quickly go up to look for the price and accompany it as support throughout this second channel. I do not include analysis of indicators so as not to extend.
YAMANA GOLD BUYERS Exit*Ready For Retracement ....coz reversed in coloured zone for confirmation wait till candle close below the dotline
*Strictly maintain stoploss
*Feel Free To Ask Your Doubts
If You Want To Scalp You Can Do Scalping Also
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Disclaimer
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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NYSE Yamana Gold (AUY) long.All description on the chart.
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Thank you.
Yamana Gold long idea (AUY)I have been looking at this chart for ages now and also actually took a position like 2 years ago, bought a little more when i had the chance to buy lower and now here i sit and wait.
Very interesting chart, i think it's almost too good to be true, looks perfect to me.
Would love to hear more opinions on it!
YRI - Yamana Gold Rally Coming?Given the relationship to the one-day crash we will have, I think that the mining sector will spark up a nice new bull run into 2019.
'BUY' OPPORTUNITYPlanned keeping this chart private as I have quite a few markets I keep an eye on this way because I do not have the patience to write up an analysis and publicly share it. But thought why not, anyone following my charts will know yellow lines represent bottom and where to put in a buy up. Chart speaks for itself really.
Anyone see what platinum has been up to since I put up my chart saying it will go up? :)