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WGX
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WESTGOLD RESOURCES LIMITED

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WGX trade ideas

Westgold Resources WGXRF This Australian gold miner just published expectations for 2025 - forecasting 100% increase in total production of Gold and the gold sells 25% higher than 2023. The chart displays a strong buy technical opinion the fundamentals are substantially greater then 2023 after it acquired another Gold mining company Karora resources. It now trades in striking distance and a new high - which is appropriate.

Long

by jdouglas020

Westgold Resources, WSXR Westgold Resources, a debt-free miner, has seen its earnings surge by 852% over the past year, outpacing the Metals and Mining industry. The company was recently added to the S&P/ASX 200 Index and provided an optimistic production guidance for fiscal year 2025, targeting up to 420,000 oz of gold Or 1 Billion in sales. Additionally, Westgold is accelerating drilling at its Beta Hunt mine's Fletcher Zone with three rigs on-site. Notably, net income for Q4 reached A$51.16 million compared to A$17.05 million last year.

Long

by jdouglas020

Short on WXG WXG is currently in an ascending wedge with bearish RSI divergence with the MACD rolling over and on a smaller timeframe has formed another ascending wedge also with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $1.74, moving SL to BE when safe to do so.

Short

by jason_rpprt

Updated

WGX to hit 1.72 Check the support and resistance lines. The current trend points to a upward potential to reach 1.72

Short

by Prakash_Power

Updated

WGX holding support going for highs?had some nice support at 1.50 so if it can hold price over Sept thinking it could get a push for 2.00, if no big volume pushes higher then it will no doubt drop out of the trend.

Long

by T888Bo

WGX rebuy at support 1.25 Has had a decent run but it may fall into low volume to retest 1.20, then possibly back to 1.50

Short

by T888Bo

Breakout into range thinking it might bounce around in the low volume area and hopefully run back to 1.80 or so

Long

by T888Bo

WGX - buying it WGX @ its lower range. buy it and sell at the upper range. when it breaks 1.08 that is confirmation gold is going higher as fiat is going lower. interest rates are way too low to fight inflation.

Long

by RogueCleaner

Westgold Resources - It pays to be long following 4 down weeks Westgold Resources is down approximately 30% over the past 4-weeks. Since listing in 2016, WGX has only experienced 4 consecutive down weeks on 10 occasions. Following this & looking 4-weeks forward, WGX provided an average gain of 5.9% with a 9 from 10 win rate. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.

Long

by UnknownUnicorn25462132

free gold stuff could be good here, reduce risk and expect to get stopped once or twice before getting the move

Long

by PAEYES

WGX confirmed breakout both 2 week and daily chart looking bullish. 4 previous days have been strong GREEN candles. buyers like this break out and price closing higher at the close. time to average up on WGX. gold will move higher too.. expect new highs in GOLD within the next month or so.

Long

by RogueCleaner

WGX price range 2 times the price has moved out of the range trade due to panic selling. I expect WGX price to move back into its price range channel.

by RogueCleaner

WGX - Trade Plan My trading Bias for WGX is Bullish as it has clearly and decisively broken and closed above the Bearish Trendline coupled with very High Volume. MACD is about to give a Bullish Cross Signal and RSI has come out of the Oversold region. TP ~ $2.40 (Potential Gain 13%) Stoploss - $1.75 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

Long

by AsimMirzaTrader

WGX Looking to break higher Nice H + S and volume

Long

by AustralianGold

WGX - Reverse Head & Shoulder Breakout Reverse Head & Shoulders Breakout ASX:WGX

Long

by CocoPopo

It is all about Gold ? Part 4 WGX is focused on development and production from its projects - Central Murchison Gold Project (CMGP) in WA & the Rover Project in NT. Together they contain a combined 3.92 million ounce of Gold. The price has formed an inverted H & S pattern & is at the neckline. Watch the price action for a favourable trade.

by UnknownUnicorn792892

bull flag + inverse h+ S bullish chart pattern formed for WGX. yes time to average up again.

Long

by RogueCleaner

$WGX support play Setup is common across gold plays at the moment. Strong downtrend approaching long term horizontal support. Watch for a bounce.

by hlncapital

WGX Presents a buying opportunity Will after selling a couple of months ago, slightly too early @ $2.35, I stopped myself from FOMOing in. Today we have a high probability that WGX will start moving up again. We have a nice candle here possibly hammerhead Price sitting right on support While touching the low trend of the Linear Regression. Bottom Finder Indicator and MFI signalling oversold. What to look out for: Price closing below the Linear Regression in its upward form could bring further lower prices. But the fundamentals in this stock is pretty good. It is a good time to be in Gold stocks much more than Crypto right now

Long

by GlobalTrader_

WGX daily chart clearly in an up trend!look at the consecutive break outs higher. lets see how the week close is... could close higher for the week

Long

by RogueCleaner

TradingView Education: How to add an indicator to an indicator TradingView Education: How to add an indicator to an indicator Got asked how to add a Moving Average to another indicator so thought I'd make a video for the fun of it.

Education

05:05

by zAngus

3737

Downtrend broken Finally some money flowing into the undervalued goldies

Long

by AustralianGold

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