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05.12.25 - 15:51
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$NEM – Leading Gold Stock Nearing a Key Inflection Breakout (TradingView)
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Newmont ( NYSE:NEM ) is one of the leaders in the gold sector, and it's now pushing right into the 91.50–92 breakout zone — a level that has acted as major resistance for months. This is a high-stakes inflection point.
? The Setup:
Price is tightening underneath 91.50–92, a clean horizontal resistance.
NYSE:NEM has been showing relative strength, tracking gold's move nearly tick-for-tick.
Structure is clean: rising EMAs, bullish slope, and volume building underneath the trigger.
? Why This Matters:
AMEX:GLD itself looks fantastic — tightening, trending, and primed for continuation.
When gold futures and GLD look this strong, leading miners like NYSE:NEM tend to run first.
This is exactly the kind of setup where institutional money steps in.
? My Trade Plan:
1️⃣ Entry: Add through a clean breakout over 92 with volume confirmation.
2️⃣ Stop: Under the 9 EMA — tight and mechanical.
3️⃣ Target: Trend continuation, first into prior pivot highs, then toward measured move extensions.
Why I Like This
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21.05.25 - 14:33
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NEM (TradingView)
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Newmont Corporation engages in the production and exploration of gold properties. It also explores for copper, silver, zinc, lead, and other metals. average analyst rating $56.
Technically showing cup and handle and above all important MA's. it can run anytime now keep and eye.
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20.05.25 - 15:00
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Potential Uptrend in Newmont (TradingView)
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Newmont has been climbing this year, and some traders may see further upside in the S&P 500's only pure-play gold miner.
The first pattern on today's chart is the pullback since mid-April. The lower low, lower high and second lower low may be viewed as a potential A-B-C correction. Completion of such a formation may suggest a longer-term uptrend is poised to resume.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in April and has remained there since. That may reflect a bullish longer-term trend.
Third, prices are back above the 50-day SMA and bounced above the 200-day SMA.
Finally, stochastics are turning up from an oversold condition.
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Past performance, whether actual or indicated by historical tests
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25.04.25 - 00:18
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Newmont (NEM): Precious Metals Power Technical Setup (TradingView)
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Newmont Corporation (NEM), one of the world's largest gold producers, remains a go-to name for investors seeking exposure to precious metals. With a diverse portfolio of global mining operations, Newmont produces not just gold but also copper, silver, and zinc—making it a key player in both the metals and commodities sectors. Its commitment to sustainability, operational efficiency, and long-term resource development continues to drive investor interest, especially during periods of inflation and economic uncertainty.
Technically, the stock is holding above the 0.236 Fibonacci retracement level, placing it firmly in the momentum zone. The price is testing recent highs, showing bullish strength and signaling the potential for a breakout if buyers continue to step in with volume. This setup reflects increasing optimism and strong positioning in the broader market for gold-related equities.
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28.02.25 - 22:27
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Bullish behaviour on NEM stock (TradingView)
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The price of Newmont Corporation shares retraced to the areas where professional buying took place in the past (blue rectangles). The volume during that move down is decreasing, which, according to Volume Spread Analysis (VSA), is bullish behaviour.
Also, given that today's bar penetrates the recent demand zone and the professionals were buying there again, this stock looks very strong and has a high chance of reversal.
Closing above the $43.72 level followed by its testing on daily or lower (1H, 15 minutes) timeframes might start the rally towards $55.13 - $55.89 with resistance around $49.27 - $50.12.
If testing continues and supply reappears during this process, we may expect an extension of the ongoing correction to the $37.53 - $38.37 area and another surge of buying there.
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