AU AngloGold Ashanti has operations in a variety of locations including North America and Africa.
With spot gold rising and mostly fixed operational costs, AU stands to improve its overall
margins. Here on a weekly chart, price has crossed over the POC line of the volume
profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative
Trend...
Wednesday 20 March 2024, 06h30 | ANG Anglogold Ashanti | This year’s highest end-of-day close for the share was on Monday 11 March at 42373c. At the end of that trading day, the Tactical Trading Guide gave you the following reading: “Strong upside move but momentum is slowing, with sellers becoming active”. During the next trading session, the share was lower by...
📊 Analysis:
Strategic Investment: NYSE:AU is making a strategic investment in G2, emphasizing exploration success as a growth driver.
Listing Shift: Plans to switch the primary listing from Johannesburg to New York are underway.
Major Shareholder: AU aims to be a major shareholder in G2.
Cost Management: Commitment to cost management is highlighted.
Bullish...
AngloGold Ashanti (NYSE: NYSE:AU ), one of the leading global gold mining companies, recently disclosed its 2023 full-year results, revealing a 3% decline in gold output compared to the previous year. This setback was attributed to various operational challenges encountered across key mining sites in Tanzania, Guinea, and Ghana. Despite the decline in production...
Diamond Formation (Broadening) has formed on ANG.
This is a rare formation that resembles a Diamond.
It's also a formation between a tug of war between the Bulls and the Bears, until there is a breakout.
Now either I'm a Gold bullion, or intution is just telling me we are in for a breakout to the upside.
And funny enough the indicators don't agree as...
A price action above 33600 supports a bullish trend direction.
Almost testing its 200-week simple moving average. Crossing above this key resistance might propel the price action to 35500 (23.6% Fibonacci retracement) and beyond.
The target price is set at 37200 (just below its 200-day simple moving average).
The stop-loss price is set at 32500 or its 61.8%...
Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top...
Making higher lows
Running into 200 day ma
Waiting to really load up
Up 32% took some off
Red arrow = Sell
Green arrow = Buy
Dollar in down trend and will keep drooping
Gold going to soar be patient.
A Rare broadening Triangle formation has formed on Anglo Gold.
This is a triangle that broadens outwards instead of inwards to the apex.
I like to call it a Vuvuzela formation.
Now right now the bias is sideways as it needs to break out of the range.
However, we can say technically it should break down as the prminent and previous trend was down.
But we...
AngloGold Ashanti (AU) has recently undergone corporate restructuring, relocating its primary listing from the Johannesburg Stock Exchange to the New York Stock Exchange (NYSE). This move is coupled with a bullish outlook for future growth.
Key Highlights:
Corporate Restructuring: AU completed its corporate restructuring by shifting its primary listing to the...
An extract from this morning's research.
Wednesday 11-October-2023, 06h30 JSE Gold Miners. In the short term, the rally has been sharp. The SHORT TERM readings from the Tactical Trading Guide for Goldfields (GFI) and Harmony Gold (HAR) states the following: "General Trend Up However, Look For Failure To Hold Prior Session/Range Highs To Initiate 1-2 Day Short...
I have pointed out a smaller Head & Shoulders in a report on 24 May 2023 already, when the price was at about R460-00. Was that formation just the tip of the ice berg? Though the price has not convincingly broke below the perceived neckline of a bigger Head & Shoulders pattern yet, this could get very ugly for this counter if this pattern gets confirmed indeed,...
Anglogold is in a falling wedge and we see price ready to breakout to the upside in the process confirming a weekly low price at R299.07. If we close above the green resistance, we want price to remain above the pink support in a move higher. This will guarantee a cycle where we will break that support onto a daily cycle low later in October ensuring we have a low...
Anglogold is putting a short-term low with a bullish engulfing candle in September. The price objective would be to reach the declining trendline at most then decline into second quarter of 2023. Price for September 2022 going below that of September 2021 support price reversal after a swing high lower than March 2022. Ideally would be looking for a triple bottom...
Gold Losing Its Glitter? Anglo Ashanti's Bearish Forecast Points to R220
1. Price Formation: The price has broken out from an inverted C&H price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price....
To Note is research commentary is intended to alert to client to a potentially significant level or development, mainly from a technical perspective. Further, the content gives clients access to the analyst's perspective of an instrument which can help in preparing for a potential trading opportunity.
Anglogold Ashanti (ANG)
The share has unwound from it's high...
The last coverage of Anglo Gold Ashanti was on 05.07.2023, link below.
The move down from 55688 was still in three waves but now it is clear that a five wave impulse for wave A is forming as part of a larger zigzag ABC correction.
There are no reversal signs yet but it is a bit late to short so I will monitor price for reversal patterns and until then, I will...
