Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Price is touching an important support line for the third time. Below 23.5$, I would sell. One could buy now with a tight stop at 23.5$ aiming at 28$ Another strategy could be waiting for the price to pass the 28$ mark to place a buy order.
Yesterday, Newmont Mining Corp (NYSE:NEM) filled an important gap on the charts, and came into an important trend line of support. As of late gold prices have been falling dramatically, dragging miners down with it. However, the metal as well as many of the leading miners, including Newmont Mining Corp (NYSE:NEM) are starting to set up for possible short term...
You will see this base across many gold related stocks including the miners. Looking for a continued move higher out of the base. Will most likely use the daily stochastics to time exit. If we cross back down on the daily stochs I am out . also Like the GLD, and holding GLD
NEM is gyrating nicely between Key Hidden Levels and missed by just 4c on the recent pullback to 25.79 on Monday (missing the 25.75 Key Level).
Key Hidden Levels, I believe, are good for a year beyond the date that they occurred and provide a strong "market-memory-level" that stops a stock in its tracks as it runs into familiar levels that bring traders and...
The Newmont share (NEM) Daily Diagram Technical Analysis Training shows the following:
The NEM has made a sharply uptrend development above the KUMO cloud last 3 days breaching the downtrend channel (the handle of the cup). The weekly diagram is bullish and monthly too.
So the first think in mind is that NEM has tested again the 25.90 and today is a critical...
Gold and Gold stocks continue to disappoint those who want to see something go UP (other than Bonds) when there is turmoil, war and economic unrest in the world. Looking at the chart, you can see how the price of gold and lead and lag the chart of NEM by a little. The bullish pennant that NEM is forming here is being held back by the chart of gold. Each time...
We need an entire day above the "max time" level mentioned on the chart for a 16-day rally towards $28/sh.
Earnings are due in 7 days, so be mindful of that. If you can't accept a major move against you, then don't take this trade.
If the buy signal triggers, then we can look for a rally for 16 days that could carry up to the measurement from the low up to...
