Zambia Gold Company Limited (ZGCL)’s Post

Gold looks set to post its strongest annual gains since 1979 in 2024

March 11th, 2024, Gold – This breakout is unambiguous Gold has broken out to a new all-time high in the last trading week and so far shows no signs of a significant pullback. However, a brief pause at high levels would be healthy. After years of unsuccessful attempts to breach the resistance around USD 2,075, the situation has now fundamentally changed. The trend is clearly up, and price targets in the range of USD 2,535 seem to be achievable in the next one to three months or by early summer. Nevertheless, sharp pullbacks and high volatility can cause temporary discomfort and, above all, confusion. Even though a deep retracement to the range between USD 2,075 and USD 2,125 appears unlikely at the moment, it would represent an excellent buying opportunity for those who have missed the train. #gold #silver #preciousmetals #china #macro #inflation #geopolitics #nvidia #GLD #PHYS CelticGold AG World Gold Council John Newell Michael Wood Christian Aramayo Michael Kott Brett Heath Alexander Scanlon Doug Ramshaw Michael J Curlook Victoria Vargas Tara Christie Carolina Ordoñez Bob Archer John Skeet Brien Lundin Jesse Day Andy Millette Andy Schectman Paul R. Pint, CPA, CA Mahmoud Al-Khaledi Ahmed Bin Sulayem Sam Lee, CFA John McConnell Marco Roque Michael John Bennett Alan Carter Blaine Monaghan RISHIDAS VANIYANKANDI Tara Christie Ryan King Kitco NEWS Jessica Levental

To All who like to jump on the train that is leaving for a LOOOOOOONG ride >>> read this from Florian (aka Florzinho) Grummes Midas Touch Consulting and reduce your exposure in the magic7tech stocks in favour of #precious and #base #metals and its related exploration- development - production stocks. A tremendeous wealth creation is possible now for the ones that are in or on the train. For the ones that missed the train- i suggest you better look for a shelter as this train will not return to the station in any near future again. #InvestmentCase #ResourceStocks #FamilyOffices #HNWI #EuropeanBroker #CapitalMarkets CM-Equity AG

Gold Daily Call for July 17th, 2024 Strong rally in gold yesterday. Gold broke out to new all-time highs. The potential head-and-should pattern that I was contemplating over the last two months has been clearly negated. Now we have clarity. The rally will continue. However, gold is pretty overbought in the short-term after rallying USD 185 within three weeks. Hence, sharp pullbacks are likely. As long as approx. USD 2,450 can hold, they will be a buying opportunity for traders. If gold can hold up more or less well today, the stochastic oscillator on the daily chart would embed bullish as of tonight, which would lock in the uptrend and could carry gold towards USD 2,500 and USD 2,535 in the next few days or 1-2 weeks. #gold #silver #preciousmetals #bullmarket #correction #breakout #headandshoulder #toppingout #pullback

INSIGHT ON GOLD vs USDOLLAR(XAUUSD) After faking out to a price of 2427.84,GOLD falls back to a price of 2298.04,and now GOLD builds momentum from that price,and now the bulls moves impulsively pushing the price upwards,after few days GOLD attains a price of 2448.34 and after a day the bulls fail to push the price futher, the bears then gather momentum and pushes GOLD to a current price of 2361.41and now may come back for a retest and aim for the price 2448.34 but if the bulls momentum is lost, it may fall to 2408.99 and maybe there may be a great bulls power and GOLD might attain a price of2511.89. BUT if GOLD fails to  regain momentum it might just fall  to a price of 2364.29 Was this insight helpful,you can reach out to me via WhatsApp;+2349126304287  Or email;victorynso701@gmail.com

Gold Daily Call for July 9th, 2024 #gold #silver #preciousmetals #bullmarket #correction #breakout #headandshoulder #toppingout #pullback Today I have chosen the daily timeframe for the Gold Daily Call to zoom out a bit. Since mid of April, gold has been going nowhere..!!! Whether you like it or not, it has been a tricky sideways market with sharp and nasty sell-offs, surprising bounces and tenacious slow price action as well.. Overall, you did not miss anything in gold since Friday 12th of April! At the same time, the optimist can argue that gold has simply consolidated at high levels. The potential head-and-shoulder topping scenario, which I presented many weeks ago, is still a potential scenario! Only if gold can clearly make a new all-time high above USD 2,450 all doubts are gone. Then we can expect the next stage of the gold rally with price targets above USD 2,500 and USD 2,700, at least. If gold breaks below USD 2,280, however, the head-and-shoulder topping formation might be activated pointing to a target around USD 2,110. In the short-term, the bullish move up over the last few days has already created an overbought daily stochastic setting. This is not really helpful for a strong and trending move higher from here. Hence, most likely it will be more choppy back and forth price action. But a summer rally towards prices around and above USD 2,400 into the second half of July and part of August is still possible.

Gold Daily Call for May 28th, 2024 #gold #silver #preciousmetals #bullmarket #correction #breakout #headandshoulder #toppingout #pullback Our potential H&S for gold is still in play.. We got the bounce from oversold levels yesterday and might get another attempt to recover today/tmrw towards the 38.2%-retracement of the recent sell-off at around USD 2,373ish. But spot gold needs to hold above USD 2,335. Otherwise the sell-off will continue most likely towards USD2,300-2,280ish. Once the lows for this pullback from USD 2,450 are in and a new buy signal on the daily stochastic emerges the potential right shoulder could bring gold prices back above USD 2,400ish which would fit with silver rallying towards USD 35ish+x.

During the first part of the European period, the value of gold battles to make good off its small intraday https://lnkd.in/d8msXyEC

Gold Daily Call for June 6th, 2024 Gold had a good session yesterday and managed to break out of the recent sideways consolidation zone to some extent. A double low at USD 2,314.95 and USD 2,316.44 stopped the bears and gold has aggressively turned around. Therefore, a new buy signal has emerged on the daily stochastic. Last time in early May this simple setup was good for a 2.5 week rally and a gain of approximately USD 178 (7.6%)! However, as long as this bounce stays below USD 2,400ish (61.8% retracement of the most recent sell-off), it could simply be a countertrend-bounce within the ongoing pullback. Given the new buy signal on the daily chart and the rather pessimistic short-term sentiment, it is likely that gold has more upside here and will run towards USD 2,400ish at least.. The head-and-shoulder pattern is not completely off the table, but with this double low around USD 2,315 it has become challenging to draw a meaningful neckline. Hence, we will have to see what gold is doing next.. #gold #silver #preciousmetals #bullmarket #correction #breakout #headandshoulder #toppingout #pullback