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Gold - Exceptional StrengthGold is clearly in an impulse wave that I feel is the wave five of a larger third wave. Generally, a fifth wave in commodities is often the biggest. While in normal trading vehicle, the third wave is the largest. So either way, momentum remains strong. GDX however is not as strong but my expectations are for this to change. Recent miner financials have showed that high gold prices along with lower energy costs result in strong positive cash flow. There are too many bargains in the miners sector and as cash levels increase, look for M&A opportunities.
OANDA:XAUUSDLong
by AssetDesign
Ready for CorrectionGold drops to 2830 to return to its trend line. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDShort
by CobraVanguard
Gold Sector Outlook 2025: Is the Golden Era Just Beginning? Gold Sector Outlook 2025: Is the Golden Era Just Beginning? ✨🏆 Introduction The gold sector is shining brighter than ever in 2025. With prices climbing rapidly amidst global economic uncertainty and rising geopolitical risks, the precious metal is once again a top choice for investors. But what’s driving this bullish momentum, and what should you watch out for? Let’s dig in. 🕵️‍♂️💰 Trending Sector Performance 🔍 Recent Sector Highlights Gold Price Surge: Since October 2023, gold prices have surged 53%, recently hitting $2,801 per ounce. Goldman Sachs predicts a $3,000 target by year-end, while J.P. Morgan is a bit more conservative at $2,600—with room to overshoot. 🚀 Mining Output: Industry forecasts show a potential 17% decline in new gold mining supply over the next five years, signaling tighter future supply. This supply squeeze could fuel higher prices. 📉⛏️ Central Bank Demand: Central banks bought 290 tonnes of gold in early 2024, a sign that institutional demand remains strong. Ongoing debt concerns and geopolitical uncertainty are only amplifying gold’s appeal as a safe-haven asset. 🏦🌎 These data points underscore why gold's momentum might just be heating up. Sector Valuation 📊 The valuation of key gold mining companies suggests opportunities for savvy investors. Here’s a quick snapshot of forward P/E ratios: Barrick Gold Corp ( TSX:ABX ): 11.79 Barrick Gold (GOLD): 10.09 Gold Fields ( NYSE:GFI ): 8.01 AngloGold Ashanti ( NYSE:AU ): 7.10 Kinross Gold ( NYSE:KGC ): 12.18 With these valuations below broader market averages, the sector shows signs of potential undervaluation. For long-term investors, this could be a golden opportunity. 💡📈 Risk Assessment ⚠️ Like any investment, gold comes with risks: Price Volatility: While forecasts remain bullish, economic stability or a stronger U.S. dollar could hurt prices. Supply Constraints: With fewer new mining projects, gold miners may face production challenges if demand accelerates. Strategic Sector Analysis 🛠️ SWOT Analysis Strengths: ✅ Strong central bank demand. ✅ Gold’s status as a time-tested safe-haven. ✅ Potential supply constraints pushing prices higher. Weaknesses: ❌ High operational costs for mining companies. Opportunities: 💡 Geopolitical instability driving sustained demand. 💡 Mining innovations creating potential for new exploration. Threats: 🚨 Economic recovery reducing gold’s appeal. 🚨 Higher interest rates diminishing gold’s relative attractiveness. Key Trends Influencing Gold Prices 📈 Geopolitical Tensions: Uncertainty continues to steer capital towards safe-haven assets like gold. Monetary Policy: Rate cuts or looser monetary policy could provide further tailwinds for gold prices. These factors are expected to keep gold at the forefront of investment strategies throughout 2025. Accuracy and Data Validity ✅ All insights in this article are based on recent data from financial reports, social media sources, and institutional projections, ensuring relevance for early 2025. Conclusion 🏁 Gold remains a promising investment for 2025. With central bank demand, potential supply constraints, and persistent geopolitical risks, prices may continue their upward march. However, it’s crucial to stay alert to potential economic shifts that could affect the sector’s performance. What's your 2025 gold price prediction? 🔺 Above $3,000 ➡️ Between $2,600 and $3,000 🔻 Below $2,600 discuss in the comments! We’d love to hear your thoughts.
TVC:GOLD
by DCAChampion
18
Kinross Gold $KGC: Cash Flow King or Gold Risk? Kinross Gold (KGC): Cash Flow King or Gold Risk? 🏅💰 1/10 Kinross Gold NYSE:KGC surged 5.07%, hitting $10.57 per share. Revenue last quarter was $1.432 billion, driven by strong operations. 🔥 The gold sector might be glimmering again... 2/10 Earnings alert! NYSE:KGC releases its Q4 2024 results on February 12, 2025. Last quarter’s EPS beat was impressive: $0.232 vs. $0.178 expected. Will they outperform again? 📈 3/10 Free cash flow is booming: $450 million last quarter. Kinross repaid $650 million of a $1 billion loan. That’s aggressive debt reduction—investors love a clean balance sheet. 💸 4/10 Kinross trades at a P/E ratio of 17.59, relatively reasonable for its sector. Analysts see upside, especially considering the company’s free cash flow yield, outperforming peers like Barrick and Newmont. 📊 5/10 Risks remain. Gold price volatility directly impacts NYSE:KGC 's profitability. A price downturn would hurt margins despite their strong cash flow. ⚖️ Can Kinross hedge against gold’s wild price swings? 6/10 Strengths: NYSE:KGC ’s operational efficiency and strong cash flow allow it to reduce debt aggressively. Its high-quality assets in stable regions offer a defensive advantage. 🛡️ 7/10 Weaknesses: Kinross relies heavily on gold prices. Operational issues at key mines like Bald Mountain or Round Mountain could disrupt production guidance. ⛏️ Will mine performance stay strong? 8/10 Opportunities: Kinross can expand production in current and new mining regions. Operational improvements could boost margins, especially with ongoing debt reduction enhancing financial flexibility. 🏆 9/10 Threats: Competition for mining rights, inflationary pressures, and geopolitical risks threaten NYSE:KGC ’s long-term stability. Can they manage rising costs while expanding operations? 🌐 10/10 Is Kinross Gold NYSE:KGC worth the risk or reward in 2025? Vote now! 🗳️ Golden buy opportunity 🏆 Hold for now 🔄 Too risky, avoid ⚠️
NYSE:KGCLong
by DCAChampion
1
AngloGold Ashanti $AU: A Hidden Goldmine or High-Risk Play? AngloGold Ashanti ( NYSE:AU ): A Hidden Goldmine or High-Risk Play? 🏅🔍 1/10 AngloGold Ashanti NYSE:AU shows 6% annual revenue growth but faces a tough challenge—earnings have been declining at -35.8% per year! Industry earnings are up 10.9%, leaving AngloGold behind. 📉 Can they turn things around? 2/10 Major shakeup: NYSE:AU is acquiring Egypt’s largest gold miner, Centamin, in a $2.5 billion deal. This could reshape their future production and reserves. 🚨 Bold move or financial strain? 3/10 Asset sales are also in play! AngloGold is fielding bids for the Tropicana gold mine in Australia. A strategic move to streamline operations—or desperation for cash flow? 🏗️ 4/10 Analysts have set a target price of $31.75, hinting at upside potential from the current price. Yet NYSE:AU ’s ROE of 3.4% and net margins of 2.3% lag behind peers. 📊 Is the stock undervalued or stuck in a profit rut? 5/10 Operational risks loom large. AngloGold operates across Africa and South America, exposing it to geopolitical instability, regulatory shifts, and potential disruptions. 🌍 How stable are these gold mines? 6/10 Strengths: AngloGold has diversified operations across multiple continents and a strong asset base. That reduces over-dependence on any one region. 🗺️ Diversity is their defensive edge. 7/10 Weaknesses: Declining earnings are a red flag for investors. High operational costs further squeeze profitability. 💸 Can NYSE:AU control expenses while scaling up production? 8/10 Opportunities: The Centamin acquisition could supercharge their gold production. Meanwhile, asset sales might optimize their portfolio by shedding low-margin operations. 🏆 Growth through smarter assets? 9/10 Threats: Volatile gold prices remain a double-edged sword. Plus, political risks in key regions like Africa can disrupt mining operations. ⚠️ Can AngloGold weather these external shocks? 10/10 Your turn! Is AngloGold Ashanti NYSE:AU a buy, hold, or avoid? Vote now! 🗳️ Golden buy opportunity 🏆 Hold for now 🔄 Too risky, avoid ⚠️
NYSE:AULong
by DCAChampion
Gold Fields Limited $GFI: A Golden Opportunity in 2025? Gold Fields Limited ( NYSE:GFI ): A Golden Opportunity in 2025? 🏅💰 1/10 Gold production at NYSE:GFI declined 4% to 2.30 million ounces in 2023, but the company's All-In Sustaining Costs (AISC) stayed strong at US$1,295/oz, beating expectations. Stable cost control is key here. 📉 Can gold prices lift revenues? 2/10 Gold Fields' Salares Norte project is set to ramp up production in 2025. Investors see potential— NYSE:GFI rose 4.1% on Feb 3, 2025, closing at $17.63. Optimism is brewing. 🌄 Will Salares Norte be a game-changer? 3/10 Gold stocks are heating up! NYSE:GFI is outperforming peers like Harmony Gold and AngloGold Ashanti in 30-day returns. Yet analysts hold a neutral "hold" rating. 🏆 Are they underestimating future upside? 4/10 Gold Fields is focused on high-grade gold projects while controlling costs. Market valuation may not yet reflect its potential gains if gold prices keep rising due to inflation and geopolitical tensions. 📊 5/10 But there are risks... Gold price volatility remains a double-edged sword. Economic conditions, inflation, and sentiment can drive sharp swings in gold demand and prices. ⚖️ Can NYSE:GFI weather these storms? 6/10 Strengths: Gold Fields boasts efficient cost management and diversified operations across multiple countries. Geographic diversification helps mitigate risks tied to any single government or policy change. 🌍 7/10 Weaknesses: High capital expenditures for projects like Salares Norte could weigh on short-term cash flow. Plus, Gold Fields has limited growth prospects outside current regions. 🏗️ How fast can expansion pay off? 8/10 Opportunities: The Salares Norte project is a major catalyst. If successful, it could significantly boost production and revenue. Rising gold prices further enhance this outlook. 🚀 9/10 Threats: Delays or operational hiccups at Salares Norte could derail projections. Global economic downturns might also reduce investor appetite for gold. 🛑 Can GFI stay on track? 10/10 What’s your take on Gold Fields Limited NYSE:GFI ? Will it shine or stumble in 2025? Vote below! 🗳️ Golden buy opportunity 🏆 Hold for now 🔄 Too risky, avoid ⚠️
NYSE:GFILong
by DCAChampion
Barrick Gold Corporation ($ABX): Golden Opportunity or Risky Barrick Gold Corporation (ABX): Golden Opportunity or Risky Prospect? 🏆💰 1/10 Barrick Gold TSX:ABX has seen a solid financial performance recently. EPS for the last quarter hit C$0.42, with next quarter estimates at C$0.63. They beat estimates 75% of the time in the past year. 📈 2/10 Analysts are bullish! The average price target is C$33.57, implying a potential upside of 50.13% from the current C$22.36 price. Strong Buy ratings dominate: 10 Buy, 2 Hold. 🔍 What do analysts know that the market doesn’t? 3/10 However, ABX is facing operational challenges. A suspension in Mali due to government intervention highlights geopolitical risks in mining. 🛑 Regulatory challenges are part of the gold mining game. 4/10 Stock price check: ABX currently trades at C$23.15. That’s 20.94% below its 52-week high of C$29.28 but 21.59% above its low. What does this tell us? Room for recovery, but risks loom. 📊 5/10 Valuation time! Compared to sector peers, Barrick offers an attractive price level, especially given the 50% upside target. Analysts love undervalued plays like this, but what about the risks? 🤔 6/10 Strengths: Barrick operates across multiple countries, ensuring diversified production. That’s crucial in a volatile gold market. 🌍 Diversification is a key defensive strategy here. 7/10 Challenges: High operational costs are always a concern. Pair that with political instability, like the Mali suspension, and ABX faces a steep uphill climb. 🏔️ How much risk are you willing to take on? 8/10 Opportunities: Expansion is always on the table. With gold prices looking stable, Barrick could capitalize on new projects or mines. But timing matters in this market. ⛏️ 9/10 Threats: Regulatory and political risks never sleep. Changes in mining laws or political unrest can hit Barrick hard—Mali’s situation is a prime example. Always know your risks. ⚠️ 10/10 What’s your take on Barrick Gold TSX:ABX ? Will it strike gold again? Vote here! 🗳️ Buy for the long term 📈 Hold and watch growth 🔄 Too risky, avoid 🚫
TSX:ABXLong
by DCAChampion
2
Gold Challenges New High - Expecting More Upside Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022. However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the implications for inflation and ultimately interest rates down the road? Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!
by konhow
1
GOLD → BUY SETUP | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see going UP from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDLong
by TheGrove
3
Harmony prepping for potential upside - Wait for breakoutHarmony is one of the laggards with Gold. While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout. Once it breaks above, we will definitely get long and hold with a strong Risk to Reward. But right now patience is important, cause it could also fall South quickly. In fact, if you draw a Rectangle formation instead of an Inv H &S, it means that whether it breaks down or up, it could provide a very decent trade signal. My bias is up purely based on being a golden bull this year.
JSE:HARLong
by Timonrosso
Harmony not looking so harmonious in 2024 M Formation has been forming since November 2023 where the high was R120. There are lower highs forming and it looks like the price is about to crash down. This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market globally. If the price breaks the neckline, we could see the target at R82.29. Thoughts?
JSE:HARShort
by Timonrosso
1
DRD Gold Laggard but ready to shoot up - R24.65W Formation is forming on DRD Gold. It's been a slow process, considering how many gold stocks have been outperforming the index itself. But we are seeing signs that it's nearly DRD Gold time to shine... The price is close to the neckline which needs to breakout. We also need to see a confirmed close and strong move above the 200MA. The target remains at R24.65 ABOUT THE COMPANY 1. Company Overview: DRD Gold Limited is a South African gold mining company. DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa. 2. Operations: DRD Gold's primary operations are centered around gold recovery from surface tailings. The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps. Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining. This area is known for having some of the most substantial gold deposits in the world. 3. Focus on Tailings: The company is known for its expertise in the retreatment of gold-bearing surface tailings. 4. Location: The company's operations are likely to be situated in the Witwatersrand Basin in South Africa, a region historically rich in gold deposits.
JSE:DRDLong
by Timonrosso
#PAN Monthly chart looking very constructive for bigger moveThis has to be one of the best looking Gold mining stocks you are going to find. Since 2008 it has consistently moved higher, something not often see in this volatile sector. A well-run operation and the chart proves just that. As this is a monthly chart, the time on this is more longer-term in nature but I think It's not a bad stock to put in the bottom drawer and forget about it. With gold looking likely to blast above $2000 in the next few weeks or months, this stock can be a massive beneficiary of such a spike in the gold price. Chart has been in a solid uptrend with an increasing >50 month ma, higher lows and looks to be consolidating now with a sold base at R2.80-R3.00. It has also bounced off the uptrend from 2018 and also seems to be forming a triangle formation if you looking at closing prices. Triangles are generally bullish continuation patterns with an expectation for the next move to continue in the direction of the preceding move which is up. Comments on the indicators can be seen on the chart and also supports the constructive price action. All in all - I think this is a great setup for a medium-longer term hold.
JSE:PANLong
by MarcoOlevano
2
AGI, GOLD-Market GEM, Major EXTENSION Because of THIS Factor!Hello There! Welcome to my new analysis about AGI, a major gold-market gem I recently spotted, and added to my watchlist because of the major underlying factors prevalent here. As I already pointed out the major gold-market gems that are going to emerge with epic growth rates similar to those seen in the gold rushes within the gold market history, the most important part in my analysis and watchlist is to distinguish the diverging gold stock categories. Because the major gold-backed currency-system implementation acceleration is not going to affect all of the gold stocks in the same manner! The implementation of a gold-back currency system is important for three categories of Gold Stocks I detected: 1.) Gold Stocks that will emerge with a massive bullish volatility increase no matter the size of the gold-backed currency system implementation. 2.) Gold Stocks that will emerge with a massive bullish volatility increase when the necessary technology and high-tech are backing the gold-backed currency system implementation. 3.) Gold Stocks that will only emerge with a massive bullish volatility increase when the gold-backed currency system is implemented in a big enough economic field together with the necessary technology and high-tech backing. Now, with distinguishing the major categories of gold stocks within the gold stocks market it is necessary to spot primarily those stocks that have the most potential to move along with the important real-time developments in the actual gold-backed currency-system implementation. Because, when the gold-backed currency-system implementation is moving forward with a simultaneous acceleration of the actual technology and high-tech gold market stocks of all three categories will have a substantial potential to accelerate with heavy bullish volatility growth rates when the economic field of gold-backed currency-system implementation is big enough. Therefore, as I have analyzed AGI the gold stock falls into the first category of gold stocks within the market as the major bullish wave is already established and the underlying factors are supporting this bullish wave expansion. The gold-backed currency-system implementation no matter the size of the economic field is going to accelerate this trend dynamics heavily and the already established trend is going to increase at a minimum of 8x faster pace. AGI is a typical gold stock of category 1 as it is emerging with the underlying technicals as well as gold market backing to emerge with this major price action acceleration. When looking at my chart AGI already completed this massive descending channel formation with a huge upper boundary breakout above which it accelerated and now moved further to mark a major formation structure with the main diamond-continuation-formation that is building up above the breakout areas. Furthermore, AGI already established the main underlying price-action-trend-dynamic with the coherent wave-count that is going to unfold the full potential once the breakout above the upper boundary has emerged as it is seen within my chart. Also highly important here is the fact that AGI already completed the main bullish EMA crossover with the 35-EMA marked in orange crossing above the 65-EMA. Taking all these factors into consideration AGI is on the verge of the most epic breakout development within the whole price-action chart. Especially as it is already rallying this rally will accelerate heavily on the upcoming gold-backed currency-system implementations. The target zone only for this current ongoing trend is as marked within my chart within the 100 level and especially with the further continuation of the gold-backed currency-system trend with the necessary technology high-tech backing there is also potential to move beyond this level. Nonetheless, in this case, it is also highly crucial that not a severe inflation wave shows up within the market or the potential recession accelerates to a major depression because this is going to reverse into a more bearish perspective. Nonetheless, currently, there are more factors determining this historical gold-backed currency trend expansion to emerge and therefore it should be the prevalent considerable scenario. Therefore I am going to keep the gold market gem on my watchlist and adjust to the most determining factors with the changes emerging. In this manner, thank you everybody for watching my analysis of AGI. Support from your side is greatly appreciated. VP
NYSE:AGI
by VincePrince
9
GFI, Main GOLD-Gem, Essential POTENTIAL, Important Indications!Hello There! Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation as well. When such a dynamic is adopted with the appropriate setup, supply-chain adoption, and disdain of outdated technologies then there is a chance that GFI also accelerates faster than the actual price-action indications and the actual trend is backed by fundamental factors which is in many cases essentially a noteworthy added value to a stock. Nonetheless, GFI besides these underlying indications also forms important charting price-action indications that I have spotted and analyzed. When looking at my chart it is seen that GFI is trading within this major ascending uptrend channel in which it already had several support levels confirming with important bounces towards the upside and now GFI also had the ability to confirm the 100EMA and 45EMA as important supports in which GFI bounced several times and already formed an important bullish EMA crossover. Also, GFI already bounced several times within the orange structure support zone marking the main support zone together with the EMA supports. What is the most important part of the whole structure GFI is forming here is this main broadening-wedge formation that is already in the final completion stages and is going to be finally completed with a final breakout above the upper boundary as it is marked. This is going to activate the upper target zones within the upper boundary zones as marked. In this case, it will be highly determined when the necessary technology-backed gold-backed currency implementation moves forward appropriately because this is going to have an underlying bullish effect for GFI in which the price action can advance faster and complete the main formation faster. Thank you everybody for watching my idea about GFI. Support from your side is greatly appreciated. VP
NYSE:GFI
by VincePrince
4
DRD Gold broken above the falling flag - BullishFalling Flag has completed on DRD Gold. It started on 9 May 2023, where the price came trickling down in a falling rectangle formation. The price now has broken above, which signals high buying and demand liquidity. This will push the price up. Other indicators confirm: 7>21>200MA RSI>50 Target 1 will be to R25.24 at the top of the pattern. ABOUT THE COMPANY DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa. The company primarily operates within the Witwatersrand Basin, located in the province of Gauteng, South Africa. This area is known for having some of the most substantial gold deposits in the world. The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps. They specialize in the recovery of gold from surface tailings. Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
JSE:DRDLong
by Timonrosso
Gold Triple TopAnalyzing the monthly price chart, a significant pattern emerges - the Triple Top formation from 2020 till now. The Price Percentage Oscillator (PPO) and Traders' Dynamic Index (TDI) indicators further shed light on the situation. Here's my take on short-term and long-term price analysis and projection. The Triple Top pattern indicates three consecutive peaks at roughly the same price level, suggesting strong resistance. This suggests caution as it may signal a potential reversal or consolidation phase for Gold. The triple top pattern is a bearish reversal pattern that occurs when prices reach a high three times in a row, each time at a slightly lower level. This pattern suggests that the uptrend is losing momentum and that prices may be due for a correction. Looking at the PPO indicator, it shows a bearish divergence with the price, indicating weakening momentum. This supports the notion of a possible pullback or correction in the short term. The TDI indicator highlights a potential shift in market sentiment. The green RSI line has been in decline as price remained elevated and could imply a downtrend is forming. In the short term, given the Triple Top pattern and the bearish signals from PPO and TDI, Gold may experience a downward correction or consolidation phase. Support levels to watch include $1,700 and $1,600. In the long term, caution is warranted. If the Triple Top is confirmed, it may trigger a more significant trend reversal. Key support levels to monitor are $1,500 and $1,400, while resistance remains near $2,000. The short-term technical analysis suggests that gold prices may be due for a correction in the near future. However, the long-term technical analysis suggests that gold prices are still bullish and are expected to continue to rise in the years to come. Investors should consider taking profits in the short term and waiting for a better entry point in the long term. Please note that this analysis is based on technical factors and historical patterns, and it's essential to consider other factors and conduct further research before making investment decisions. Stay informed and adapt to changing market dynamics.
TVC:GOLDShort
by PrepForProfit
UPDATE GoldFields slight pull back before heads to target R346W Formation formed on GFI a while ago. The price broke up and since then it was moving up for the first few weeks. Then when the gold price started its consolidation, so did the gold companies. This has formed a falling wedge. Once the price breaks above the pattern, we will see it continue its upside. RSI>50 - Bullish 7>21>200 Target R346.54 REALITY: Holding onto this trade as a trader is very long in terms of duration. Not only because we prefer our nature to be short lived with each market. But also the Daily Interest charges add on. So even though the trade is well in the money, when you look at your portfolio you're earning less that you should when it hits the take profit. Just something to keep in mind in the futre.
JSE:GFILong
by Timonrosso