Anglogold Ashanti plc stock price closed wednesday 28.72.
If we look at monthly chart, we easily identifiy trend running sell. Price continue create LL-Lh respectivily in chart.
Monthly time frame according currently we can see ascending chhanel. Price move inside the channle and doing effort reach previuos main supply zone.
Weekly time frame according micro buy trend running and price create HH -HL inside ascending
channle. Price continue break previous high and create demand level at previous low swing.
Current scenario if price break 30.27 level then price easily reach supply zone 34.
Swing Trade Idea’s: 1
Note :- This trade idea will be according weekly buy trend.Price reach 34-35 supply zone,
retrace till our main demand zone price level 25 or 20.
Entry@ = 25-20
Sl = 14.94
Target = 40
Counter sell Trade Idea 2:-
Entry @ = 35
Sl = 39.45
Target = 25-20
Note: Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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