Cups trying to for but no discernible handle yet. Possible stop below 18. No recommendation
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
JSE:ANG could be interesting above R360/share. Especially if TVC:GOLD move up.
Gold stocks had a good day today. Consequently gapped as it was breaking the bullish flag. I will build a position putting 1% risk with an initial stop loss at R289.40
JSE:ANG is looking good for a long position. The EMAs, stochastic and MACD are all showing upwards momentum.
I think there's a short term down movement on Gold Miners into mid to late Feb into a ICL. Then Gold Miners will start to shine on a move back to the highs.
Very explosive technical levels. Today, the break below the higher lows support line is a short-term worry for all AngloGold Ashanti shareholders. Should support hold around R196, could confirm a possible short-term bounce, with my focus point being the 200-day Moving Average (EMA) at R303. A break and close above these levels could again bring the R320 resistance...
ANG nice pull back time to add Gold is being driven by excess currency in the markets volatility and the influx of baby boomers without track records or experience with trading
ANG Market correction on the cards and sell off of gold stocks to cover losses will be the norm in the coming days no reason not to buy the dips before mainstream investors realize their mistake
Will look at my position and where market may be going look at the charts
ANG has been volatile as of late. Factors contributing to the Gold rally headwinds? is the constant interference of central banks and banks to keep Gold prices subdued. Market watch . Myra Saefong said that it is due to a little profit taking? i am not so convinced. i think it is bank sell off to curb inflows and undermine the market system keeping Gold from breaking out.
ANG long idea Timing is everything in volatile Markets the asset bubble is about to POP keep portfolio liquid for market panic sellers migrate to Gold miners and Gold Assets as a hedge to your portfolio 6-10 %
ANG possible Breakout Wait for confirmation has the commodities Bull cycle started ?
ANG Long continuation Volatility has increase and a rush to safe haven assets was expected in December this new virus has escalated risk and facilitated sooner than expected precious metal purchases
Daily stoch look good above all MA may fill gap. May gap go. VOL red hmmm I added Weekly looks great watch it may just go sideways above 70% and AU climbs 26 my target
Daily rolled over pull back to 100 day ma 17.85 once breaks above 200 day boom. 25 day crossed up through 50 day and know 100 day bullish weekly uptrend going sideways