IAMGOLD (NYSE: IAG, TSX: IMG) Momentum PlayIAMGOLD is showing strong upside potential after its Côté Gold mine achieved commercial production. With solid government relations in Burkina Faso and robust fundamentals, this gold producer is well-positioned for growth. Technical indicators like MACD are improving, signaling possible bullish momentum. Target price: $7.15, with a buy rating and a longer-term target of $11.
IMG trade ideas
Iamgold CorporationBollinger Bands :
The chart has Bollinger Bands, which help identify volatility and potential overbought or oversold conditions.
The price is currently near the upper Bollinger Band, indicating that the stock is potentially overbought in the short term.
There was a recent touch of the upper band, followed by a pullback towards the middle band (20-day moving average), suggesting the possibility of consolidation or correction.
Volume :
There is a notable volume spike in recent days, which often indicates increased investor interest or significant buying/selling pressure.
This higher volume, coupled with the recent price increase, supports the idea of strong buying interest.
Trend :
The stock is in a clear uptrend since early 2024, with a strong rally that peaked recently. This rally saw the stock break above previous resistance levels, with a recent high near $5.60.
However, after hitting this high, the price started pulling back, suggesting profit-taking or a pause in the rally.
Support and Resistance :
Resistance: The most recent peak around $5.60 serves as the immediate resistance level. The stock would need to break and hold above this level to continue the uptrend.
Support: The middle Bollinger Band (around $4.70) and the 50-day moving average (around $4.50) are key support levels to watch. If the price drops below these, it may indicate a deeper correction.
Conclusion :
Bullish View: The stock is still in an uptrend, supported by both the moving averages and the Bollinger Bands. However, a pullback or consolidation around the $4.70-$4.80 level is possible before attempting to retest the recent highs.
Bearish View: If the price falls below the 50-day MA and the middle Bollinger Band, a larger correction could be in play, with the next support around $4.50.
IMG LongIMG entry for a run to the 382, been looking at gold miners with the Gold price rallying, haven't been able to find one which is not highly over extended. Having said this I may suffer a SL run here if the Gold price pulls back. Usual SL management of moving weekly behind HK candles. Will take partial profit in 3 stages and try to run remainder to the 50% retrace.
$IAG Breaking Out from DowntrendWith shiny rocks breaking out (hopefully for real this time), the gold miner IAG looks poised for some serious upside. I've bought shares over the last few days and have built a sizable long. The stock trades kind of funky and has had a tough time breaking free from this tight consolidation recently. Today appears to be confirmation if it can hold.
Metal Miners, Long Soon - IAGGold and Silver have been holding strong, but weakness suggests another move down before support.
As for metal miners, could there be a better set-up possible? Most all of them are sitting near historical lows looking to bottom out on the weekly RSI.
I posted in July, 2022 that gold would move sideways until 2024, and then, blast-off. Think we're close.
This chart is IAG, it's my favorite technically speaking.
LONG IAG (playing Gold Price Uptrend) with gold price higher today due to declining treasury yield ( as market anticipate less hawkish Interest Rate policy), there are several opportunities with gold miners. I personally prefer AUY but due to recent mergers and corporate structure changes I don't want to take chances. IAG is less profitable but adjusted gold prices the valuation would be different and it might turn to profit on a spot, which could boost it stock price immediately.
IAMGOLD CORPORATION - IAG - BULLISHIamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada.
Headquartered in Toronto, the company was founded in 1990 and went public on the Toronto Stock Exchange in 1996
with additional shares being listed on the New York Stock Exchange beginning in 2005
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa.
Within these regions the Company is developing high potential mining districts that encompass operating mines, construction,
development, and exploration projects. The Company’s operating mines include Westwood in Canada, Rosebel (including
Saramacca) in Suriname and Essakane in Burkina Faso. A solid base of strategic assets is complemented by the Côté Gold
construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration
projects in various countries located in the Americas and West Africa.
IAMGOLD employs approximately 5,000 people. IAMGOLD is committed to maintaining its culture of accountable mining through
high standards of Environmental, Social and Governance ("ESG") practices, including its commitment to Zero Harm®
in every aspect of its business. IAMGOLD (www.iamgold.com) is listed on the New York Stock Exchange (NYSE:IAG)
and the Toronto Stock Exchange (TSX:IMG) and is one of the companies on the JSI index1
GOLD MINERS BACK IN BUSINESS - SUMMER
Institutional buying incoming.
No matter the price of gold companies will mine, turn a profit.
NYSE:IAG
TVC:GOLD
CURRENCYCOM:GOLD
OANDA:XAUUSD
FOREXCOM:XAUUSD
FX_IDC:XAUUSD
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IAMGOLD CORPORATION - a long position swing tradeSUMMARY:
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
SWING TRADE:
Entry 'long' @ US$ 3.30
Price action has completed a abc (zigzag) pattern and has now corrected with a (bearish, any three wave / X-wave)
On a higher degree look from fractal perspective price action has completed (the A-wave) and the recent drop being the corrective (B-wave) setting price action up for a final (C-wave) which always is a 5-wave sequence.
I'll keep you updated along way... if there are any changes in price action I might take profit early or cut a loss without hesitation. but I'll give the trade time to develop.
Never marry the trade! Trade safe, be well.
- Omar Djurhuus
$IAG Target 4.29 for 22.22% $IAG Target 4.29 for 22.22%
Or next add level is at 2.73
$IAG price moved above its 50-day Moving Average. Bullish reversal is more likely... but anything can happen. Gold is quite oversold.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IAG Penny Gold StockCanadian based gold miner.....
Larger trend corrective bear ended July 2015
Intermediate (1) finish Sept 2017 while its wave (2) ended early March of 2020.
Minor 1 looks to have peaked August 2020 although minor 1 could be a fake out B wave as price hit 78.6 retracement of intermediate (1)
Great risk/reward
SL: 1
Entry: 3, 2.40
Take Profit: 14 & 90 (moon projection)
Education only
Calling bull crap on current BTC prices. LONG on gold mining.Blasting has begun at IAG's new gold mine in Canada. One of the biggest in the world. 20 year operation with exploratory drilling coming this summer.
Great cash flow on hand.
With the impending correction to BTC, gold will see a decent increase and in turn get IAG to a supported $4.00 price point.
current $3.50 calls ITM are a steal atm.
Happy trading!