Mining

GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards in the first few days of July and then began to consolidate to the downside. The downside consolidated was conspicuous from July 13 to 27. But in the last few trading days, price started moving upwards gradually – an action that saves the current bullish bias in […]

AUS200 Dominant bias: Bullish AUS200 declined last month, reaching a high of 5393.0 and a low of 5040.0. That southwards movement threatened the bullish outlook on the market, but the recovery that was witnessed in the last several days of June has upheld bulls’ domination. Price is expected to trend further northward this month, reaching […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold moved upwards by over 12400 pips last month, and price reached a high of 1358.21 that month. There is a Bullish Confirmation Pattern in 4-hour, daily and weekly charts, so it is not advisable to open short trades in the market. Any bearish attempts the market makes ought to […]

Kibo Mining stock (LSE:KIBO) has been engaged in a choppy phase for several months, though a closer look at the market reveals some form of bullish domination. The price is essentially above the EMA period 50, while the current shallow bearish correction in the market proffers an opportunity to go long when things are on […]

Legendary Investments stock (LSE:LEG) is about to perform better than the bullish run we saw in April 2016. The market has been in a trending mode since February 2016, though last month has been characterized by a bearish correction. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold dropped persistently in May 2016, reaching a high of 1303.53 and a low of 1199.79. This has resulted in a clean bearish outlook on the market, and in spite of the present weak bullish attempt, price is expected to continuing moving downwards this month, reaching the demand levels at […]

Churchill stock (LSE:CHL) would rise upwards again, strongly at this time, following the volatile current correction in the market. The market moved sideways in the months of March and April 2016, broke upwards in May and later got corrected while things remain volatile. In the chart, the price is around the EMA 21 and will […]

LGO Energy stock (LSE:LGO) is in a tight equilibrium phase, which has been going on for the past several months. The price is quite choppy, zigzagging its way forwards, as long as the equilibrium phase lasts. In the chart, the price is currently between the Trendlines, and there would soon be a break out of […]

Randgold Resources stock (NASDAQ:GOLD) has broken out of a strong base that was formed in the last few months. The first two months of this year was characterized by a strong rally, followed by a strong consolidation that occurred within the last months of the year 2016. Right now, the price has gone above the […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold was quite choppy in the first three weeks of April 2016, characterized by short-term upswings and downswings, all in the context of an uptrend. In the last week of April, Gold experienced a sustained trending movement. Price moved upwards by 6500 pips last week alone, breaking one resistance level […]