AU trade ideas
JSE:ANG Anglogold SpringAfter dropping below the trading range, the yearly pivot point and 200 Day SMA, today it has rallied and is showing a reversal bar. This looks like a spring and what is expected now is for the markup in Phase D. Due to the high volume we may have a test of the spring again to use up the last bit of supply but in the weeks to come we are looking for a markup to the top of the trading range and then a breakout and markup to higher prices.
AngloGold Ashanti Ltd. Trade setup
Possible entry from Cup and Handle breakout $24.45
Target price $30.75
Stop loss $22.67
Very limited price resistance above breakout level.
AngloGold Ashanti Ltd. is a mining and exploration company. It explores, mines, and produces gold. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.
ANGLOGOLD - Trend intact- Price bounced straight off the 200ma
- Looks like the recent down trendline is breaking
- Earnings coming out on the 21 Feb will be a major catalyst
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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JSE:ANG Anglogold Re-accumulation CompleteAnglogold has undergone a re-accumulation trading range. After a buying climax (BC) at the end of August 2019 accumulation has taken place at the lower half of the trading range. A spring with test has taken place in November / December 2019 with minor signs of strength towards the end of 2019. Volume has declined on the pullback and today we have seen some ease of movement to the upside on a small volume increase. The markup in phase D is set to continue.
Cup & Handle breakout alert for AngloGoldCup and Handle formation looks just about perfect .
Entry level $24.00 with the next notable resistance at $31
Alert set for move above $23.50
AngloGold Ashanti Ltd. is a mining and exploration company. It explores, mines, and produces gold. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.
ANG LongANG expect breakout today
Anglogold has reached bottom of TR
on Daily and Weekly with all indications of a
positive upward trend for gold this morning
Anglogold Ashanti $AU Wave 4 at Channel Support?Anglogold Ashanti $AU This looks like a wave 4 at channel support setting up a break above the 38.2 Fib #gold $GC $GLD $SLV $GDX $GDXJ
$JSEANG - Retesting resistance (Daily)$JSEANG similar to other gold names, setting up a possible break out on the upside
AU: Precious Metals Rally RestartingSome recent euphoric optimism for the S&P 500 has driven caused short term consolidation in precious metals, but I'm seeing some uncertainty cause flight back into stable hedge securities like gold , silver , and bonds right now. I don't think we're going to get a hard rally in the major indexes without another significant correction, so I'm seeking some alpha elsewhere. I've largely held my positions well through recent broader drawn downs, and I suspect more are to come this 2019Q4. People are looking for good news to explain recent attempts by the broader market to pull out of this recent price slump, and they're sounding more and more desperate to me. As always, do your own analysis to determine if this is a strategy for you.
$JSE-ANGJSE:ANG
Tested last break higher and making massive engulfing bar
Long here with SL bellow today's low of the day
ANG - Head and ShouldersJSE:ANG has formed a head and shoulders pattern which is a top reversal pattern. It is looking good for a downward move if it breaks through the neckline convincingly. I will wait for this confirmation before entering.
$JSEANG DAILYANGLOGOLD seems to be forming a HEAD AND SHOULDERS pattern, signalling a TOP. We need to wait and see if the right shoulder forms. The next few days will tell us.
ANG resuming its Daily uptrend after healthy pullbackANG resuming its uptrend back above its 5ema, RR : 1:2
