This is a technical analysis of Gold Spot (XAU/USD) on the 1-hour timeframe. The analysis includes key levels, trend patterns, and potential price movements: 1. Current Price: The price of gold is at $2,811.38, showing a slight decline. 2. Buy & Sell Levels: Buy Price: $2,811.86 Sell Price: $2,810.92 3. Support & Stop-Loss: A stop-loss level is set at $2,793, indicating a risk management level where traders would exit if the price drops. 4. Target Price (TP): First Target Price (TP1): $2,844 Demon Zone (Resistance): $2,875 5. Chart Pattern: There is a cup and handle pattern, a bullish reversal signal suggesting potential upside movement. The price is expected to bounce off support and move towards the first target before reaching the resistance zone ($2,875). 6. Trade Expectation: If the price holds above support and breaks resistance at $2,844, it may continue towards $2,875. If the price falls below $2,793, the stop-loss will activate, indicating a trend failure. This analysis suggests a bullish outlook if key resistance levels are breached while maintaining risk management through stop-loss placement.
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Google is showing characteristics of Wyckoffe distribution as indicated by the initial impulsive move up, a buying climax, multiple secondary tests, and this final upthrust movement into heavy call gamma resistance at $210. A close below $200 could precede a major sell-off lasting up to 1-2 months. Will be watching closely on earnings. This is not financial advice, this is simply my opinion and part of my trade journal where I am keeping ideas on market movements but not necessarily taking any position.
Bitcoin Gold is continues looking for new highs, as there is nope calm in the markets. Currently the Bitcoin Gold is in an stable upward trend channel, on the course of a correction wave. When the wave breakes, it might be a good fight for the Bulls to go forward.
The Gemfields Group (GML), previously known as the Palinghurst Group, is a mining company focused on gemstone production. The group has two major projects: 1. Kagem – The world's largest producer of emeralds, located in Zambia. 2. Montepuez – A major ruby mine in Mozambique. Additionally, the company was previously involved in Jupiter Mines, a South African manganese producer. However, in line with its strategic focus on gemstones, Gemfields disposed of 60% of its stake in Jupiter Mines when it listed on the Australian Stock Exchange (ASX) in April 2018. The company is led by Brian Gilbertson, a former CEO of BHP Billiton, who identified the semi-precious stones market as an underdeveloped industry with potential for professional management and consolidation. Gemfields has carved out a niche for itself in this specialized sector, where competition remains relatively limited. Like all commodity shares, however, it carries risks, with its success tied to the fluctuating prices of emeralds and rubies in international markets, as well as geopolitical and operational risks associated with mining in third-world countries. On 24th October 2022, Gemfields announced that operations at Montepuez had resumed after an insurgent attack on a mine 12km away on 20th October 2022. Security concerns remain a factor in the region. On 7th August 2023, the company announced plans to construct a new processing plant that would triple ruby output from the Montepuez mine. In its results for the six months to 30th June 2024, Gemfields reported revenue of $128 million, down from $153.6 million in the previous period. Headline earnings per share (HEPS) fell by 25%. The company commented, *"Gemfields is working through a complex year, balancing the availability of cash with the considerable investments we're making at the Kagem emerald mine in Zambia, the Montepuez ruby mine in Mozambique, and our development assets."* In an operational update for the full year ending 31st December 2024, Gemfields reported total revenue of $196 million and net debt of $80.5 million. The company stated, "Emerald exports are, since 1 January 2025, paused while Zambia's reintroduced 15% export duty remains in place. Kagem anticipates that the duty may be revoked and allow a commercial-quality emerald auction to go ahead in Q1 2025." A strategic update on 23rd December 2024 cited lower revenue from recent auctions due to: 1. Oversupply of Zambian emeralds by a competitor. 2. Lower production of premium rubies at Montepuez. 3. Weaker luxury and gemstone market conditions. This share tends to be volatile, largely due to fluctuations in the luxury goods market and the nature of the gemstones it sells. Technically, Gemfields' share price rose strongly from an island formation, entering a solid upward trend until July 2023 when the trendline was broken. At present, the share remains in a downward trend, and we recommend waiting for a break above the new downward trendline before considering entry. While the company has long-term potential, it remains subject to both market-driven and operational risks.
Vodacom (VOD) is South Africa's largest provider of airtime and data services for mobile phones. It operates as a subsidiary of the international telecom company Vodafone. Its main competitors include MTN, Cell-C, and Telkom. The mobile industry has faced continuous pressure from declining voice revenue, partially offset by a sharp increase in data usage. One disadvantage of investing in Vodacom is its foreign ownership. This was highlighted when its share price dropped 7% in two days due to concerns that Vodafone might be forced to sell its non-European subsidiaries. Vodacom has operations in Mozambique, Tanzania, the DRC, and Lesotho. The company is also looking to expand into Ethiopia, Africa’s fastest-growing economy, with a population of 105 million. On 2nd December 2019, the Competition Commission ruled that Vodacom and MTN must cut their interconnect fees by between 30% and 50%. Since interconnect fees represent a significant portion of Vodacom's revenue, this led to a 5% drop in its share price. To diversify its revenue streams, Vodacom is launching a "super-app" in partnership with Jack Ma’s Alipay to boost non-voice income. Additionally, the company has spent R4 billion to mitigate the impact of loadshedding. We believe that while Vodacom has strong fundamentals, it may take some time for the share to regain its former highs. In its results for the six months to 30th September 2024, Vodacom reported a 1% increase in revenue, but headline earnings per share (HEPS) declined by 19.4%. Financial services revenue grew by 7.8%, contributing 11.4% to group service revenue. The company had 206 million customers and provided financial services to 83 million. Vodacom stated, "While our bottom line was impacted by various one-offs, I am confident that we are poised for a stronger second half performance." In a trading update for the three months to 31st December 2024, Vodacom reported revenue up 1.6%, with service revenue rising by 11.6%. The company noted, "...the quarter was positively impacted by accelerated growth in South Africa's prepaid market, in addition to another stellar performance in Egypt and Tanzania, while network operators in Mozambique, including Vodacom, have been hampered by post-election tensions since October 2024." Technically, the share fell from its high of 16,214 cents on 1st April 2022. We previously advised waiting for a clear break above its downward trendline, which occurred on 25th July 2024 at 9,836 cents. Since then, it has climbed to 11,611 cents, although it dipped slightly after the latest results. At current levels, Vodacom appears relatively cheap, offering a dividend yield (DY) of around 3.93%. However, it operates in a dynamic environment where technology advancements and regulatory shifts present ongoing risks. While Vodacom remains a solid dividend payer and a stable telecom business, investors should be aware of potential regulatory and industry changes that could impact future performance.
BINANCE:ETHBTC After this sharp decline, the price returned to an important support area. Will it be satisfied with this price and then we will see a rebound from here, or will the price be exposed to more pressure? I think this area will be enough, because the previous time when the price touched this area we witnessed a big and strong rebound, and this proves the strength of the support and I think the price will not break it easily.
It will be a rough ride either way, but overall think we respect 22,000 and even close 21,825 for now. The corrective action may be towards 20,875 and considering tariffs plans, or at least the possibility of it, we should see lower levels over time. Strategy SELL @ 21,350-21,450 and take profit near 20,950.
Hello, dear traders, like u see my prediction is bulish, u can take entry as I show on video and close after 1hour and 30min. first profit taker! Have a nice day!
Buy Eur/Usd At Golden Pocket at pullback...expecting price move above W Open in 2 days