AngloGold Ashanti (AU: NYSE)

AngloGold Ashanti (AU), a prominent gold mining company operating in Africa, the Americas, and Australia, recently completed its corporate restructuring by relocating its primary listing from the Johannesburg Stock Exchange to the New York Stock Exchange (NYSE).

This move enhances the company’s international presence. Despite modest net income growth of 9.2% over the past five years, AngloGold Ashanti demonstrates a bullish strategy for future growth, reflected in its three-year median payout ratio to shareholders of 24%, signifying substantial reinvestment of profits for business expansion. With a bullish stance, AU is anticipated to perform well above $17.00-$18.00, targeting an upside of $26.00-$27.00.

Gold (XAUUSD)

A trend analysis for Gold (XAU) suggests the potential for a trend reversal, with key observations and downside targets in focus.

Key Insights: Upsloping Trend Line Break: A proper break of the upsloping trend line is awaited to confirm a potential trend reversal.

Downside Targets: Once the trend break is confirmed, potential downside targets include $1960 and then $1825.

Risk-Free Trade: The trade is considered risk-free at the moment, given the perceived confirmation of the trend reversal.

Polkadot (DOTUSDT)

Polkadot is showing overbought conditions on higher timeframes, leading to expectations of a pullback with potential consolidation levels before a potential continuation to the upside.

Overbought Conditions: DOT is considered overbought on higher timeframes, indicating a potential need for a corrective move.

Anticipated Pullback and Consolidation: Expectations include a pullback with price consolidation within the range of $5.50 – $6.10.

Resumption of Upside Trend: Following the anticipated consolidation, the trend could resume to the upside.

Major Resistance Zone: The next significant area of resistance is identified higher up at $7.00 – $7.30.

Crypto Total Market Cap (TOTAL)

An analysis of Total Market Capitalization (TOTAL) highlights key levels, overbought conditions, and potential targets, providing insights for market participants.

Current TOTAL Levels: TOTAL is currently at the $1.52T – $1.61T range, which held as major support in the beginning quarter of the last year.

Role Reversal: This range is expected to act as resistance, marking a role reversal from previous support.

Overbought Conditions: The STOCH RSI is overbought on higher timeframes, indicating a potential need for a pullback.

Potential Downside Target: In case of a pullback, the next area of support is identified at $1.40T – $1.45T.

Upside Breakout Scenario: If the market breaks through the $1.61T resistance level, the next area of resistance is at $1.8T – $1.9T.