NEM H&SThis looks like an inverted Head and Shoulders doesn't it?
I wouldn't be surprised if this right shoulder had a double-bottom.
NMM trade ideas
Newmont (NEM): On the Road to $100?Newmont's recent price action, combined with the strength in gold, is starting to flash a familiar pattern — one that, historically, has preceded major rallies. With gold trading firmly above $2,500/oz and Newmont delivering strong free cash flow ($1.2B in Q1), the fundamental backdrop couldn’t be more supportive. This is no longer a “cheap optionality” gold miner — it’s leaner, focused on Tier 1 assets, and finally starting to act like the cash-generating machine it is.
From a technical standpoint, the breakout above the $48–$50 resistance zone was a key moment. There's now very little historical supply between current levels and the $80–85 range, and beyond that — open air until the psychologically charged $100 level. The current setup could be interpreted as either a classic cup and handle or an inverse head and shoulders pattern. In both cases, the structure targets a move of roughly +74% from the breakout — aligning almost perfectly with what history suggests.
Zooming out, Newmont has just completed a sixth historical breakout from long-term consolidation — following similar ones in 1979, 1986, 2001, 2016, 2019, and now again in March 2025. Each of those previous breakouts was accompanied by a confirmed bullish crossover in the 3-Year Distance % from Moving Average (MA), where price momentum pushed the indicator decisively above the zero line. The five prior rallies saw NEM increase by 156%, 302%, 208%, 63%, and 112% respectively.
Given that this time the breakout comes above all-time highs, the setup feels even stronger — and the path to $100 looks not only feasible, but statistically probable. The presence of a powerful long-term base, macro tailwinds, and renewed institutional interest in gold miners all point in the same direction.
If this move plays out like previous cycles, Newmont won’t just grind higher — it could rerate entirely, especially if capital rotation flows back into large-cap gold producers. Keep in mind: this is the largest publicly traded gold miner, with a robust balance sheet and solid dividend, in an environment where gold is hitting nominal records and fiat credibility is under pressure.
📈 Watch price behavior as it approaches $80–85 — a successful retest and continuation would make the $100 target all the more compelling.
Let me know your thoughts — are institutions coming back to the gold miners, or will momentum continue favoring the smaller silver plays and explorers?
$NEM - looks ready to trendWatch the monthly candle close. If it closes above 55, i expect this one to hit 70 very soon
Newmont (NEM): Precious Metals Power Technical SetupNewmont Corporation (NEM), one of the world’s largest gold producers, remains a go-to name for investors seeking exposure to precious metals. With a diverse portfolio of global mining operations, Newmont produces not just gold but also copper, silver, and zinc—making it a key player in both the metals and commodities sectors. Its commitment to sustainability, operational efficiency, and long-term resource development continues to drive investor interest, especially during periods of inflation and economic uncertainty.
Technically, the stock is holding above the 0.236 Fibonacci retracement level, placing it firmly in the momentum zone. The price is testing recent highs, showing bullish strength and signaling the potential for a breakout if buyers continue to step in with volume. This setup reflects increasing optimism and strong positioning in the broader market for gold-related equities.
NEM - Big Move AheadOver the long term, I expect to see NEM at 100. My crude wave count shows that we are entering into a wave 3 that can boost shares to mid $80s.
NEM eyes on $43.06: key Resistance to break and paint a BOTTOMNEM has been lagging gold and other metals' charts.
Currently up against a key resistance to a recovery.
Break-n-retest to paint a bottom, or reject to doom.
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NEM // cup handle formationAlthough there is a cup handle formation image on the chart, the targets are drawn according to Fibonacci. We need closings above 48.08 as a formation condition.
CUP and Handle Pattern NEM Stock making cup and handle along with bullish divergence, expected bullish trend, trade plane has been defined along with risk and reward.
Bullish behaviour on NEM stockThe price of Newmont Corporation shares retraced to the areas where professional buying took place in the past (blue rectangles). The volume during that move down is decreasing, which, according to Volume Spread Analysis (VSA), is bullish behaviour.
Also, given that today's bar penetrates the recent demand zone and the professionals were buying there again, this stock looks very strong and has a high chance of reversal.
Closing above the $43.72 level followed by its testing on daily or lower (1H, 15 minutes) timeframes might start the rally towards $55.13 - $55.89 with resistance around $49.27 - $50.12.
If today's bar is tested and supply reappears during this process, we may expect an extension of the ongoing correction to the $37.53 - $38.37 area and another surge of buying there.
long NEMIn practice, many successful traders use these indicators as part of a broader strategy that includes backtesting, diversified signals, and strict risk controls. So, while these tools can be viable in helping to make informed decisions, they work best when integrated into a well-rounded trading system rather than relied upon in isolation.
Expected $47-$50 By Feb, 2025It broke above 50 SMA and out of the channel in the week of April 22, 2024. Made good progress but broke below the 50 SMA and further the higher low of the week June 03, 2024. It is forming a bullish megaphone. In the near term, $47 is expected by next earnings. Holding January 2026 $50 calls.
100% to ATH & huge flag and Tri target for over performanceBullish chart 100% on the table
I am tracking about 22% increase from here to gold base metal target so this is 5x of that move which seems a lot can it do that in 2025 or will we need a bit longer. I dont know, lets wait and see its a multi year chart so muli year target
Equites look over valued generally so this may be a safe haven in any bear market because it holds many tonnes of gold as per 1929-1935 when in relative terms you had price increase with dividends over 25x in bear or 50x to '35 or 74x incld divi by holding the gold mining stock at the time, plus FDR revalued the gold price. Logic is still the same it will be a bumpy ride as gold is sold to pay margin calls but overall there is a lot of money which will need to be parked. As fund mngrs see gold as a value stock because relatively to the equity index's its not going down as much.
100% back to ATH
higher flag target
higher triangle target
Gold in triangle breakout
CRB in triangle breakout (Commodities Index)
Newmont buy zone around $17Trade the range - if you have the patience. Buy under $20 and sell at $64 for 200%+ gains
NEM - Falling Wedge ABCD PatternNEM is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 30.22 and 20.50 because this coincides with:
- a number of trendlines and major support zone from Weekly timeframe meet around 30.22 and 29.50 (point D)
- gap fill is also at 29.87
Also, if we look at price range of first wedge pattern drop, it was about 31% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 31% from point C to D of ABCD pattern.
$NEM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NEM after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 86.67%.
$NEMGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
A mining company with hopeSince Gold is dragging every major mining company down this one can be a decent buy in case of a pullback to support, after that i guess it can climb higher assuming if mining stocks gonna stay in good shape
DangerousI know that the momentum is still given and the trend is intact and steady. But I need some short to balance the portfolio and the calculated upward target of this month's rise has been reached. Thus I can imagine a little correction for the last days of the month.
NEWMONT $NEMi expect it to retrace back to anywhere between 47$ and 42$, depending on golds correction move then another leg up should take place to 75$
Newmont (NEM) AnalysisCompany Overview: Newmont NYSE:NEM , as the world’s largest gold miner, is well-positioned to benefit from the ongoing gold bull market. The price of gold is projected to rise to $2,500 per ounce by the end of 2024, creating a significant tailwind for Newmont’s operations.
Key Catalysts:
Gold Production Strength: With forecasted production of 6.9 million ounces in 2024, Newmont has a major advantage, given its scale and operational capacity. The bullish gold market will enhance its profitability.
Newcrest Acquisition: The acquisition of Newcrest Mining is a game-changer, adding $500 million in synergies and boosting cash improvements by $2 billion through portfolio optimization. This deal strengthens Newmont’s competitive position and enhances long-term value creation.
Investment Outlook: Bullish Outlook: We are bullish on Newmont above $48.00-$49.00, based on strong gold market fundamentals and the strategic value of the Newcrest acquisition. Upside Potential: Our target for NEM is $78.00-$80.00, driven by rising gold prices and operational efficiencies from the acquisition.
🚀 NEM—Gold Market Leader Positioned for Growth. #Gold #Mining #Newmont
Newmont Corp | NEM | Long at $48.00While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NYSE:NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility.
Target #1 = $57.00
Target #2 = $71.00
I’m liking Newmont MiningNewmont has had funny and endearing management, and a steady mission. The chart is consolidating sideways in a ascending triangle. We’ll see. I predict a breakout of the formation, and a long bullish run equal in height to the length of the consolidation
NEM ASX - breakout weeklyNEM now breaking out hard.
target is $74 AUD.
gold miners have yet to move but spot price of gold has already
started accelerating higher.
Bonds yields are still negative in real terms.
equities are overvalued. BTC is in a bubble. Gold is stability.
US empire wants to initiate more Wars. China will be the next to be
invaded. They will instigate something in Taiwan as they did in Ukraine.
