It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box.
I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
Reasons for bullish bias:
- Price is at near weekly support
- Price is at channel support
- Bullish divergence
- Positive earnings results
Entry Level(CMP): 29.80
Stop Loss Level: 28.72
Take Profit Level 1: 33.11
Take Profit Level 2: Open
Newmont Corporation (NYSE: NYSE:NEM ) has set the stage for a lucrative deal with the initiation of the sale of its Akyem gold mine in Ghana, attracting significant interest from Chinese mining giants amidst the backdrop of soaring gold prices.
Strategic Move Amidst Gold Boom:
With gold prices reaching new heights, Newmont's decision to divest its Akyem gold...
One of the oldest pioneers of the cryptocurrency industry; NEM. I don't know if the team or the project is dead, or they might start work on it again. There are not much news about the project. However, the coin, NEM, has a beautiful technical analysis and of course if you look at the beginning of the chart the price of NEM skyrocketed. The question is, can it...
XEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be...
The last two days are not a good sign for #GOLD bugs
But we said that on Sunday...
WHY do we say this?
Sunday was an ugly reversal
Huge volume with bearish engulfing yesterday
Follow through selloff today as well
We could be seeing a top for some time.......
AMEX:GLD NYSE:NEM TVC:GOLD NYSE:AEM NYSE:FNV NYSE:WPM
💎 Paradisers, get ready for a dynamic trading opportunity with XEMUSDT. The asset is demonstrating significant activity within the demand zone, suggesting an impending shift towards an upward trend.
💎 NEM has been following a trading channel pattern with precision. Its recent breakout from this channel signals a potential rise towards a resistance level, then a...
hello dear trader
xem after collect some liquidity ready for breakout downtrend channel
there are 2 take profit exist on this chart
What is NEM?
NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the...
A inverse #HVF appears to be in progress on the #GDX
@TheCryptoSniper
Coincides with a probability that gold has put in a major secular top being pushed down by positive real rate environment.
#GOLD sell we posted (trading portion) was SPOT ON (tee hee)
Barring something out of ordinary AMEX:GLD is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day.
The precious metal is likely headed towards 1800 area.
The last chart shows all major support levels by...
Hello There!
Welcome to my new analysis about NEM, the next gold-mine gem I am adding to my current gold-mine gem watchlist. If you like to know the other gold-mine gems I already added to my watchlist please look into the recent ideas I uploaded to my TradingView profile.
In today´s time, there are massive transformational events going on within the whole...
Analyzing NYSE:NEM Newmont Corporation's double bottom pattern, it's clear that this mining stock presents a compelling investment opportunity. The pattern signifies potential upward momentum, with the blue line serving as a critical threshold. Going forward, a bullish outlook can be maintained if Newmont remains above this key level, suggesting favorable...
(Using 3-Day candles for visibility only. Consult weekly/daily yourself)
I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion.
Gold - When A New ATH Prints, Will You Get Trapped?
I hadn't paid a lot of...
NEM chart is brewing up a possible bullish set up. If we cross reference this chart with a current gold chart we could see a harmonious bullish reversal.
Set your alerts on gold and NEM and we may see a great set up!
This is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish:
Gold - When A New ATH Prints, Will You Get Trapped?
In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market.
Also, right...
Analyzing the options chain of NEM Newmont Corporation prior to the earnings report this week,
I would consider purchasing the 42.5usd strike price Calls with
an expiration date of 9/15/2023,
for a premium of approximately $1.11.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your...
Is Newmont mining telling us that gold is about to correct more or is this isolated to the miners?
This leading gold miner could be signaling headwinds for miners.
We have seen Gold outperform miners which tells us that this move in gold is likely from the banking crisis...fear.
![SI1!: Silver - 33 Moons [And An Options Opportunity]](https://s3.tradingview.com/w/wfktVlzq_mid.png "Silver - 33 Moons [And An Options Opportunity]")
