#ANG Anglogold on a big monthly level #JSESome big levels on monthly chart:
(1) consolidating above the 200 simple and exponential moving averages (green bands)
(2) S1 yearly pivot
(3) 23.6% fib channel using closing lows and highs from 2015 and 2020
(4) Holding 40 RSI level which has been critical support for ANG over the last 5 years
Let's see how we do in the next few months but my bet is we get a decent bounce out of here into the 4th quarter of 2022
AU trade ideas
ANG Target reached 7th MarchANG
As difficult as it is to try and time the market ? i was pretty accurate for once
i sold Anglo Gold on the day before the retraction , March 7th after reaching double digit returns?
without a strategy for buying and selling i would have lost all my gains.
Any one following my trade cut it pretty close Congratulations.
Key indicators flashing Buy signals i will wait until confirmation data flashes around 26th July 2022
before I buy in Again ?
Anglogold AshantiBUY PLAN #1 | The key pivot zone which
the share needs to hold and where strong
bids needs to be seen is 27842c to
27965c. A strong push through this range
could see the share targeting around
28900c. The stop, or temporary failure
level is 27450c.
BUY PLAN #2 | If the share retraces toward
it’s 61.8% Fibonacci zone, this would also
represent a level of buying interest,
provided we see strong bids around this
level (27000c-27300c)
SELL PLAN | N/A as yet.
Please Note: The idea may or may not
trigger on the day of publication.
@VillageTraderZA - Inverse Head and Shoulders developingThe stock broke the R330 resistance but with a doji. Not sure if the market was merely testing R330 or a valid reversal pattern. We have a head and shoulders pattern on the weekly chart. Setting up. With the gold breakout seemingly holding out. I will watch the R360 neckline. Going to hold off on raising my stop loss for now. Just in can the neckline holds up.
AngloGold - Be very CarefulVery explosive technical levels. Today, the break below the higher lows support line is a short-term worry for all AngloGold Ashanti shareholders. Should support hold around R196, could confirm a possible short-term bounce, with my focus point being the 200-day Moving Average (EMA) at R303. A break and close above these levels could again bring the R320 resistance into play. For now, I'm remaining cautious on ANG and holding tight. With markets being ever-increasingly fearful, I would focus on this space. Refinitiv Eikon consensus target price for ANGis R329.
ANG Long IdeaANG has been volatile as of late.
Factors contributing to the Gold rally headwinds?
is the constant interference of central banks and banks to keep
Gold prices subdued.
Market watch . Myra Saefong said that it is due to a little profit taking?
i am not so convinced.
i think it is bank sell off to curb inflows and undermine the market system
keeping Gold from breaking out.